Will the Core CPI Data Drive Gold Prices Down?

Описание: The upcoming Core CPI data is poised to influence market dynamics significantly. A higher reading could spell trouble for gold, potentially dragging prices down as the dollar gains strength. Intraday barriers are set between $3,258 and $3,281, making those levels crucial to watch. Conversely, a softer number could provide a lifeline for gold, possibly leading to a rally from support levels ranging from $3,172 to $3,080. Understanding these implications could give investors a competitive edge in the market.
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