The decline in US inflation rates, stronger than expected, negatively affected the path of expectations of raising US interest rates in the coming months. Yesterday’s numbers caused the US dollar to decline, and therefore the XAU/USD gold price had the strongest opportunity to rebound higher with gains to the resistance level of 1807 dollars per ounce, the highest for the price of gold in more than a month. The price of gold XAU/USD is stable around the level of 1786 dollars an ounce at the time of writing the analysis.

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