Gold Holds Key Support Despite Softer U.S. Inflation as Oil Extends Rally
U.S. inflation data released on July 14 came in lower than market expectations, reinforcing the view that inflationary pressures continue to ease. Under normal market conditions, softer CPI should have provided a stronger boost to gold (XAU/USD) by increasing expectations for future Federal Reserve rate cuts. However, the market told a different story. Gold remains […]
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