The Retail Sales Index Is Coming Soon, Bull In XAUUSD May Roar Again
Don’t miss the opportunity to make a profit, check the gold trend now>>
Gold closed low for the first time in this week after U.S. announced the PPI in December created the smallest increase in 13 months, indicating that high inflation is finally beginning to ease. But Fed Chairman Powell’s testimony was less hawkish than expected, supporting gold prices. Investors pay attention to the U.S. Retail Sales Index in December which will be announced at 21:30 tonight. If the announced value is larger than expected, it will be favorable for USD and the price of gold will fall. However, because of the Omicron, the market isn’t optimistic about the RSI in December, and is still bullish on gold prices.
The trend of gold can be paid attention to tonight’s Retail Sales Index and the University of Michigan Consumer Confidence Index, will affect the trend of gold, and investors must seize the opportunity to place orders.
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