Commodity Roundup: A Bumpy Road Ahead Calls for Diversification, Saxo Bank Says

Seeking Alpha19:00

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

A major market movement is imminent! The USA CPI and speeches from the three top figures of the Federal Reserve are coming. Trade analysis of the Euro, British Pound, Japanese Yen, and Gold.

On Wednesday morning in the European market, the USD is around 109.10; spot Gold is maintaining an intraday rebound trend, currently around 2681 USD/ounce. On this trading day, investors will focus on the USA's CPI data and speeches from officials like Williams, the "third person" of the Federal Reserve, which are expected to trigger significant market movements. In addition, the Federal Reserve will release the economic conditions Beige Book.

FX16816:06

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

Gold Prices Steady With CPI Data in Focus

Investing13:58