The core PCE in the United States exceeded expectations across the board in February, and gold defied everything to reach a new high! Fed Daly said there are still two interest rate cuts expected this year, and Trump said that starting a third term is no joke... What major events have happened around the world since last Friday?
Gold ignores the strength of the dollar and is in an extremely favorable environment! The Federal Reserve underestimates the impact of inflation, Middle East tensions remain a counterweight to bearish sentiment...
Gold disregards non farm bearish sentiment and stands above 2300. Under the bullish trend, can CPI data continue to accelerate the upward trend?