Gold Prices Slip Below $2000 Amid Surging U.S. Inflation
TL;DR Summary
Gold slides below $2000 as U.S. inflation exceeds expectations, leading to a strong sell-off in precious metals markets. Rising Treasury yields and a strong dollar are putting pressure on gold, silver, and platinum, with gold testing support at $1965 - $1975, silver at $22.25, and platinum at $870. If these levels are breached, further declines are expected in the respective metals.
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- Retail traders and market experts see little downside for gold next week as inflation takes center stage Kitco NEWS
- Gold slides below $2000/oz for first time in two months after US inflation data Reuters
- Gold (XAU/USD) Listless Ahead of US CPI, Bitcoin (BTC/USD) Probes Multi-Year High DailyFX
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