Gold forecast: How is the metal likely to react to today’s CPI data? Well, it may not be quite straight forward as I have explained in this article. CPI is expected to have moderated in April to 3.4% y/y from 3.5% previously. Gold technical analysis points higher following its breakout from a continuation pattern.
Fawad Razaqzada is a Financial Market Analyst who writes for City Index and Pound Sterling Live. His articles focus on analyzing and providing insights into various financial markets, including currencies, commodities, and stocks. Fawad's work has also been featured in FXStreet and Forex.