Gold bulls look comfortable above the $1,900 mark amid a softer US Dollar – by Dippusen Gold CPI YieldCurve Fed XAUUSD
US CPI release looks pessimistic for the US Dollar.is consolidating above the $1,900 mark amid a softer US Dollar and positive risk sentiment. The US Consumer Price Index released on Tuesday relaxed investors as the data came in line with expectations.
Investors have become increasingly cautious and concerned about Tuesday's US CPI release due to the fallout from Silicon Valley Bank , which has highlighted the underlying damage within the US banking and financial system. As a result, the Federal Reserve may need to halt its rate-hiking cycle sooner than expected to address the situation. However, a stronger US CPI release could pose a challenge to this plan.
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