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

AAATrade Team AAATrade

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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AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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