Spot Gold trades at daily lows near a daily low of $1,942, as optimism reigns following softer-than-anticipated US inflation figures. The Bureau of Labor Statistics reported the CPI rose by 0.1% MoM in May and 4% from a year earlier, while the core annual CPI printed at 5.3% as expected, easing from the previous 5.5%.
Gold is bearish according to the 4-hour chart, as it is currently developing below all of its moving averages
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Gold market interest today is updated economic forecasts, dot charts and Fed Chairman Jerome Powell's press conference.