The price of gold continues to rally
The April Consumer Price Index in the United States rose more quickly than analysts had predicted, moving up 0.4% versus 0.1% a month prior.
The April Consumer Price Index in the United States rose more quickly than analysts had predicted, moving up 0.4% versus 0.1% a month prior. Core inflation also rose 0.4% month-over-month. Inflationary pressure is supporting demand for gold as a defence asset against inflation. XAU/USD is likely to continue to rise.
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