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Gold sign consolidates as investors scrutinize inflation data
Gold sign (XAU/USD) struggles to find a direction as investors watch for the US Consumer Ticket Index (CPI) data for August. The invaluable steel remains sideways despite the US Buck delivering a corrective switch, whereas investors digest world slowdown fears.
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Busy week forward: US CPI, ECB verdict and fresh iPhone
The US CPI data is in focal point this week and can fair attend shape Fed expectations for November. The US greenback is below first rate selling tension, particularly against the Yen, after comments from the Bank of Japan (BoJ) Governor Ueda dangle been interpreted as being ‘hawkish’.
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