Inflation continues to rebound

12 ต.ค. 2023

Yesterday Wednesday was another day for gold to rebound. The price of gold failed to fall effectively under the influence of the negative PPI data last night, with the highest point reaching the 1878 line. We have mentioned this position many times before. It is the high point of the previous rebound, and it is also the 50% callback level of the 1947 decline, which is under great pressure. Yesterday, both the annual and monthly PPI rates rebounded significantly beyond expectations, which laid a good foundation for today's cpi data. Not surprisingly, today will still be a negative performance for gold prices, so even if the rebound continues during the day, it may only be Prepare for the night's adjustments.
But the point!
It is the release of news from the United States in a few hours that will determine whether gold continues to rise or fall.