Gold (XAU/USD) is currently consolidating just below the recent all-time high of $4,600 reached on Monday, as traders adopt a cautious approach ahead of the upcoming US consumer price index (CPI) report. During the Asian session on Tuesday, the precious metal has remained steady, with market participants keenly awaiting insights into inflation that could influence future monetary policy and trading strategies.
The impending CPI data is anticipated to have significant implications for the USD exchange rate and broader market sentiment. As inflationary pressures remain a focal point for investors, fluctuations in the gold market could mirror changes in the perception of the US dollar's strength against other currencies, particularly the EUR. Traders are closely monitoring these developments to gauge potential shifts in the trading landscape for both gold and major currency pairs.
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Data Source: FX Killer Analysis Team Updated: 2026-01-13 05:31
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.