Gold Price News and Forecast: XAU/USD does not need double-digit inflation to shine


Gold asks where is the inflation

The inflation remains low and below the Fed’s target. So, should gold bulls worry about it?

The U.S. CPI inflation rate rose by 0.2 percent in September , following a 0.4 percent increase in August. It was the smallest jump since May. The move was driven by a 6.7- percent spike in the cost of used cars and trucks, and it’s the most significant upward change over half a century. The core CPI rose 0.2 percent, following a 0.4 percent increase in the preceding month.

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Gold Price Analysis: XAU/USD battle lines drawn amid hopes for stimulus

Gold has been battling the $1,900 level as markets seem worried that Congress would not opt for a new stimulus bill. The precious metal needs new funds to hit new highs. The most recent headline is encouraging – President Donald Trump is willing to raise his offer to above $1.8 trillion. 

Will House Democrats compromise from their demands for $2.2 trillion? Will Senate Republicans allow for more than their most recent offer of $500 billion? 

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AUD/USD fuelled 0.2% by strong PMI Composite in early Asia

AUD is up on the day so far as early data gives the bulls a head start. Early Asia has been kind to Aussie bulls with the price of the currency extending its late New York gains with a robust Construction PMI report, solidly above the 50.0 expansion level, arriving at 54.2.

AUD/USD News

USD/JPY probes resistance at 104.94 as Japan's core CPI drops

USD/JPY tested former support-turned-hurdle at 104.94 (Oct. 2 low) a few minutes ago as Japan's consumer prices slipped for the second straight month in September. The resistance has held intact, forcing the currency pair back to 104.80.

USD/JPY News

Gold: Bears seeking a continuation below key daily support

Gold prices are back under pressure and below a critical trendline on the daily chart. The swing trading opportunities are caught up in the wash of volatility. A day trading strategy could offer an opportunity if price obeys market structure.

Gold News

2020 US Elections: The final presidential debate

The second and final presidential debate between Donald Trump and Joe Biden promises to be a political event of the first magnitude. Mr. Biden leads i

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WTI bulls keep the fuell buring into Wall Street close

West Texas Intermediate crude oil is higher on the day, although has run into resistance and started to consolidate.

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