The price of Gold fell only briefly amid stronger-than-expected US inflation data. Commerzbank economists analyze the prospects for the yellow metal.
The price of Gold stabilizes just below its all-time high
US economic data has been quite disappointing lately, weighing against medium-term inflation risks.
At the same time, the price of Gold remains just below the all-time high it reached at the end of last week. However, given the recent rather asymmetric reaction to the US data, i.e. strong rises after weak economic data and only temporary pullbacks after strong (inflation) data, a new test of the recent highs, for example, following US sentiment indicators due out today.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
