Gold Technical Analysis – Eyes on the US CPI report
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Gold is consolidating as markets await the US CPI report. The Fed is anticipated to cut rates by 25 bps next week, with two more cuts expected in 2025. The overall trend remains bullish due to the Fed's easing cycle, although short-term corrections may occur based on rate cut expectations. Currently, the market is stable with three rate cuts projected by the end of 2025, despite strong US economic data.
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