Gold prices fell to $2,310 per ounce on Wednesday, hovering near one-month lows as caution prevails ahead of key US inflation data and the latest interest rate decision from the Federal Reserve.
The current trend indicates gold is declining, reflecting investors' concerns that CPI may surpass forecasts.
The MACD index is signaling negativity, adding selling pressure to gold prices.
The forecast for the gold market in the near future may continue to face downward pressure, especially if US CPI exceeds forecasts and the Fed decides to raise interest rates.
Do you agree with Jessica's opinion?
The current trend indicates gold is declining, reflecting investors' concerns that CPI may surpass forecasts.
The MACD index is signaling negativity, adding selling pressure to gold prices.
The forecast for the gold market in the near future may continue to face downward pressure, especially if US CPI exceeds forecasts and the Fed decides to raise interest rates.
Do you agree with Jessica's opinion?
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