The focal point is the much-anticipated US inflation report for May, set to be released later today, alongside the Federal Reserve's policy announcement.
If the core inflation data is weaker than expected, it could trigger a rebound in gold prices, reinforcing the case for an earlier rate cut in September.
Gold may find safe-haven support due to escalating political uncertainty in Europe, following French President Emmanuel Macron's decision to call snap elections.
Attention is particularly directed towards the updated economic projections from policymakers and the press conference by Chair Jerome Powell.
#gold-prices #us-inflation-report #federal-reserve-policy #interest-rate-cut #political-uncertainty-in-europe
[
Collection
]
[
|
...
]