Gold Price Analysis: XAU/USD steady around $1850s as bulls remain hopeful for a push to $1900 By christianborjon Gold XAUUSD Commodities Metals Macroeconomics
, the Fed’s favorite inflation reading. Numbers came better than expected, showing that prices are still elevated having risen 4.9% in May but off the 5.1% rate printed in April.
, a measure of the buck’s value vs. its peers, pares some early-day losses and is gaining some 0.07%, sitting at 101.827. Failure to reclaim above 102.500 would open the door for a re-test of the April 24 low at 99.818.
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