Gold under pressure as strong US PPI and CPI data reinforce higher-for-longer Fed outlook
Gold (XAU/USD) consolidates minor losses on Wednesday as the US Dollar (USD) extends its recovery amid persistent uncertainty over US-Iran talks and growing expectations that the Federal Reserve (Fed) could keep interest rates higher for longer.
Gold prices are likely to face further downward pressure as the strong US economic data supports a higher-for-longer interest rate outlook from the Fed. This may lead to increased strength in the US Dollar, further weighing on XAU/USD.
Gold (XAU/USD) consolidates minor losses on Wednesday as the US Dollar (USD) extends its recovery amid persistent uncertainty over US-Iran talks and growing expectations that the Federal Reserve (Fed) could keep interest rates higher for longer.
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