Gold eases within range as US CPI looms
The post Gold eases within range as US CPI looms appeared on BitcoinEthereumNews.com.
Gold (XAU/USD) consolidates with modest losses on Thursday as traders trim exposure ahead of the US inflation report. At the time of writing, XAU/USD is trading around $4,325, remaining confined to the familiar range that has dominated price action so far this week. The US Bureau of Labor Statistics is scheduled to release the November Consumer Price Index (CPI) report at 13:30 GMT. A softer-than-expected inflation reading could reinforce expectations for further monetary policy easing by the Federal Reserve (Fed) in 2026. Lower interest rates generally favour non-yielding assets such as Gold. Elsewhere, escalating tensions between the United States (US) and Venezuela support safe-haven flows, keeping the precious metal anchored just below record highs despite the lack of near-term upside momentum. Market movers: US CPI and Fed leadership in focus Due to the recent government shutdown, the November inflation report will exclude October data and monthly CPI readings, leaving markets to focus squarely on the annual inflation readings. Economists expect headline CPI to accelerate to 3.1% YoY, up from 3.0% in September, while core CPI, which strips out food and energy prices, is seen holding steady at 3.0% YoY. US Initial Jobless Claims are also in focus, with claims forecast at 225K from 236K, as markets watch for further signs that labour market conditions are losing momentum, after the delayed November Nonfarm Payrolls (NFP) release showed the Unemployment Rate rising to 4.6%, its highest level since September 2021. A firmer US Dollar (USD) is also capping upside momentum. The US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, is trading around 98.50, recovering after briefly slipping below 98.00 on Tuesday, its lowest level since October 3. Markets are closely monitoring developments around the Fed’s leadership, as US President Donald Trump’s repeated calls for…
Filed under: News - @ December 18, 2025 1:29 pm