Gold price outlook with US inflation data in the horizon
LONDON (Apr 11) Gold price has risen past the over one-week resistance level of $1,950.
- Investors are keen on the US inflation data, including CPI numbers set for release on Tuesday.
- Its status as a safe haven and hedge against inflation continues to boost its value.
Gold price has rallied past the crucial resistance level of $1,950 ahead of the US inflation data. Even with prospects of interest rate hikes, its status as a hedge against inflation and safe-haven will continue to boost its value.
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