Gold – Potential for the bigger drop [Video]
![Gold – Potential for the bigger drop [Video]](https://editorial.fxsstatic.com/images/i/gold-march-03.jpg)
Sell trade idea.
Author
Petar Jaćimović
FXCentrum
Petar Jaćimović was born on 8 July 1989 in Jagodina, Serbia.
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The Bank of Canada held its policy rate at 2.25% on Wednesday and published a Monetary Policy Report whose entire disinflation path rests on one assumption: Brent falls to $75 and stays there. That assumption was finalised on Friday and was stale before Governor Tiff Macklem reached the podium.
The June CPI fell 0.4% on the month, the largest one-month decline since April 2020, dragging the annual rate to 3.5% from May's 4.2% and snapping a three-month acceleration streak. Core prices went nowhere, flat on the month and down to 2.6% YoY, both under consensus.
