Gold prices are down modestly as APAC markets sell-off. A lull in XAU volatility is unnervingly similar to price action seen over the last few months, setting gold prices up for a potential leg lower soon.
Gold prices are nearly unchanged after three days of losses as inflation bets fall. Tonight’s PCE inflation data out of the US is unlikely to provide a boost as central bankers look committed to ba.
Gold prices rose to the highest level since November last week after a red-hot CPI report pushed up breakeven rates. Bulls followed through on the move as geopolitical tensions in Ukraine rose.
Gold prices remain weak through APAC trading after a stronger US Dollar dragged on bullion. Breakeven rates have risen due to Omicron, but inflation expectations remain off December highs.
Gold prices rose overnight going into the Asia-Pacific session as breakeven rates rose. PCE data is in focus for precious metals, and Silver may provide a better play if inflation beats expectations.