Gold remains stable at around $4,320/oz this morning (18/25) as the market awaits today's release of US inflation (CPI). This CPI data is crucial for gauging whether the Fed will continue to ease policy or hold off. After three consecutive cuts last week, the market still rates the chance of a January cut at around 25%. Waller also signaled a pro-cut but relaxed stance: interest rates could fall again, but "there's no need to rush" because inflation is still not completely safe.
Sentiment-wise, gold remains strong due to two main drivers: central bank demand and ETF fund flows (which have risen sharply this year), and rising geopolitical tensions.
The Venezuela issue has further triggered the blockade of sanctioned oil tankers, and the increased US military presence has kept safe-haven demand alive. As long as gold remains above the psychological $4,300 level, the bias remains positive, but short-term movement is likely to be choppy until the CPI is released. (asd)
Disclaimer
This article is analytical in nature and does not constitute a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id