Gold is going to impact as per the US CPI data – 15-5-2024


The CPI is an important measure of inflation, which serves as an indicator of economic conditions and can influence investment decisions. A weak CPI reading suggests that inflation is declining, which can have both positive and negative implications for gold.



Today’s given signal : https://t.me/calendarsignal/12132



The CPI is an important measure of inflation, which serves as an indicator of economic conditions and can influence investment decisions. A weak CPI reading suggests that inflation is declining, which can have both positive and negative implications for gold.

On one hand, a lower inflation rate is generally positive for gold prices because it reduces the potential erosion of purchasing power and drives demand for gold as a hedge against inflation. When inflation is low, individuals may be more inclined to invest in gold as a safe-haven asset.

However, it is important to note that the impact of weak CPI data on gold is complex and can vary based on various factors. For instance, if the weak CPI data is attributed to temporary factors such as supply chain disruptions or price fluctuations, it may not have a significant long-term impact on gold prices.

Additionally, gold is influenced by broader macroeconomic trends and geopolitical events. Any significant developments in these areas can impact gold prices independently of CPI data.

Overall, the weak US CPI data on May 15th, 2024, is expected to have some influence on gold prices, but the extent to which the price will be impacted will depend on various factors and the overall market conditions. Investors and traders should monitor these developments closely to assess their impact on gold prices.


Previous released data results:


On last CPI data (10-4-2024) we predict to SELL XAUUSD as for good CPI Data GOLD price was fall.

Check last given signal : https://t.me/calendarsignal/11327

Performance :


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