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    Gold dives lower after upbeat inflation proves Powell’s point

    Author AvatarBy George Brooks No Comments 12 Mins Read
    • Gold faces a hangover on Wednesday after a wild ride the previous day. 
    • Traders are shedding their stake in Bullion after a stronger inflation report.
    • The $3,000 level is out of the cards this week as a technical barrier must first be overcome. 

    Gold’s price (XAU/USD) is facing a dive lower and says goodbey to $2,900 for now after the US Consumer Price Index (CPI) data for January came in stronger in both the monthly Headline and monthly Core inflation gauge. The inflation numbers are coming in as an outright surprise just a day after Federal Reserve (Fed)

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    He is an experienced financial journalist with a focus on Forex and cryptocurrency markets. With over two decades of expertise, he delivers in-depth analysis and real-time market updates, providing traders and investors with the knowledge they need to navigate the ever-changing financial landscape. His insightful articles and reports are trusted by professionals and enthusiasts alike.

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