Gold Sees Modest Rise in Asian Trade as Investors Await U.S. CPI

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골드 스팟 / 미국 달러 (OANDA:XAUUSD)

OANDA:XAUUSD 골드 스팟 / 미국 달러

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In the early trading hours of Asia, gold experienced a slight uptick. Over the past months, the valuable metal has been undergoing a general retreat, reflecting investor wariness regarding the Federal Reserve's approach to monetary tightening. According to analysts from Galaxy Futures, it's probable that investors will adopt a cautious stance for the time being, as the market awaits the release of U.S. Consumer Price Index (CPI) data later today. Galaxy Futures also suggests that technical analysis indicates the likelihood of the commodity trading within a limited range in the near future. At present, spot gold has gained 0.2%, reaching $1,918.03 per ounce