Gold Price Slips as US PCE Inflation Keeps Fed Rate Hike Bets in Check

Gold Price Slips

Gold (XAU/USD) trades around $4,620 on Wednesday at the time of writing, down 0.83% on the day. Bearish pressure on the precious metal strengthens modestly following the release of the Federal Reserve’s (Fed) preferred inflation gauge, although the data do little to alter market expectations for the central bank’s September meeting.

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MCX Gold Forecast: Bullish Momentum, Targets & Key Levels

MCX Gold Forecast

MCX Gold Forecast: MCX Gold is showing signs of renewed strength, with the short-term technical setup remaining positive. Even though expectations of US interest-rate cuts have weakened after recent economic data, gold is holding firmly and continues to attract buying interest.

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Gold Weekly Forecast: Bearish Trend Continues as Middle East Tensions Impact Prices

Gold Weekly Forecast

Gold Weekly Forecast: Gold prices are still under selling pressure despite weakness in the US Dollar. Rising tensions in the Middle East are offering some support to the precious metal, but buyers have not been able to take full control. From a technical point of view, Gold continues to trade with a negative outlook, and the market remains cautious about the next move.

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