Analysis

How will XAU/USD react to US PPI and core Retail Sales?

Looking at GOLD’s chart, we can see that the metal picked above the level of $1900 and it has corrected to the current price of $1888. The support level is located at around $1873 and today it is expected to stay above that level until 14:30 where the US’ PPI and core retail sales will be announced, which will play a significant part on its direction.

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