📅 This Week's High Impact News for Gold (XAUUSD) 🏦
I will be watching forecasts on:
Wednesday, Sep 11 🟢US Core CPI (m/m) & CPI (y/y) 📊 Inflation data! Lower-than-expected results could boost gold as a safe-haven asset, while higher inflation could reduce demand.
Thursday, Sep 12 🔴 EZ Main Refinancing Rate & Monetary Policy Statement 💶 Any hints of higher rates or a hawkish tone could weigh on gold prices.
🟡 US PPI (m/m) 📦 Neutral outlook—producer prices expected to remain stable. Any surprises here may shift gold sentiment.
Friday, Sep 13 🔴US Prelim UoM Consumer Sentiment 🛒 Strong consumer confidence might hurt gold, but a negative report could trigger safe-haven buying.
🔑 Key items to Watch: Inflation, interest rates, and consumer sentiment—all crucial drivers for gold this week! Keep an eye on the Eurozone and US economic data for potential market moves.