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Gold tag consolidates as investors gaze inflation data
Gold tag (XAU/USD) struggles to find a direction as investors preserve up for the US User Mark Index (CPI) data for August. The treasured metallic remains sideways whatever the US Dollar delivering a corrective transfer, while investors digest international slowdown fears.
Busy week forward: US CPI, ECB verdict and unique iPhone
The US CPI data is in focal point this week and could well perhaps serve shape Fed expectations for November. The US dollar is under decent selling strain, particularly against the Yen, after feedback from the Bank of Japan (BoJ) Governor Ueda had been interpreted as being ‘hawkish’.