Gold rebounds from recent low, ahead of US inflation data [Video]

Eliman Dambell Sayvio AI

Gold prices rebounded from a recent decline on Monday, ahead of a key week of U.S. economic data.

On Tuesday core inflation figures will be released, and is expected to remain unchanged at 4.1%

Following this, will be retail sales numbers, which many anticipate to fall by 0.3% decline during the month of October.

This comes as Americans prepare for the Thanksgiving holiday, which will likely send sales figures higher when next month’s report is released.

As of writing XAUUSD is now trading at $1,947, following an earlier low at $1,931.

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Author

Eliman Dambell

Sayvio AI

With over a decade in financial markets, Eliman brings an experienced and diversified point of view to market analysis. He covers current and historical macro trends to give insights on Metals, FX, Stocks, and Crypto.

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