The USA CPI is brewing major risks! Be cautious of a sudden sell-off in Gold. FXStreet's senior Analyst provides the latest Trade analysis on Gold prices.

On Wednesday morning in the European market, spot Gold maintained a rebound trend, with current prices around $2,685 per ounce. FXStreet Senior Analyst Dhwani Mehta pointed out that on Wednesday, Gold buyers are waiting for the release of the USA Consumer Price Index (CPI) data to gain further insight into the Federal Reserve's interest rate trajectory.

FX16816:32

Smart traders hedged before the CPI, with Gold rising slightly during the day.

Persistent inflation may support the dollar and US bond yields, while sharply depressing US stocks, non-US currencies, and the CSI Commodity Equity Index. The market generally maintains a cautious attitude ahead of the CPI.

Golden10 Data16:18

Gold prices have broken through minor resistance! Notable Institutions' latest trade analysis: gold prices may still have nearly 20 dollars of upward potential.

#Gold Technical Analysis# 24K99 News On Wednesday (January 15), in the Asian market's late trading session, spot gold maintained a rebound trend, with the current gold price around $2681 per ounce.

FX16814:55

RBC outlook on Golden Industrial Concept: The upward trend of gold prices is moderating, and valuation and ROC are the driving factors for Golden Industrial Concept.

RBC maintains an optimistic outlook on the prospects of Stocks focused on Gold, although this view is currently based on RBC's valuation perspective rather than the earlier CSI Commodity Equity Index outlook.

Zhitong Finance13:11

Gold Trade Reminder: Today's major event could trigger significant volatility! FXStreet Analyst analyzes the technical outlook for Gold.

In the Wednesday Asian market, spot Gold slightly decreased after a significant rise yesterday, with the current price around 2675 USD/ounce. On this trading day, the USA CPI may trigger drastic fluctuations in Gold prices. FXStreet Analyst Haresh Menghani pointed out that before the release of the USA CPI, bullish sentiment in Gold has turned cautious; the potential for Gold prices to decline seems limited.

FX16812:45

RBC outlook on Golden Industrial Concept: The rise in gold prices is becoming moderate, and valuations and ROC are the driving factors for Golden Industrial Concept.

RBC maintains an optimistic outlook on the prospects of Stocks focused on Gold, although this view is currently based on RBC's valuation perspective rather than the earlier CSI Commodity Equity Index outlook.

Zhitong Finance11:57