Gold Remains Flat Ahead of Inflation Data
Burc Oran
May 10, 2022

Gold remains flat ahead of the inflation data to be announced this week.

After losing 1.6 percent of its value on Monday with the strengthening dollar, gold continues its horizontal course of around $ 1,865 ahead of the expected inflation data.

Spot gold has been falling since mid-April when the Fed and other central banks decided to tighten their monetary policies as part of the fight against inflation. The dollar’s five-week upward streak caused gold to lose its appeal.

This week, inflation data of major economies such as China, India, and Brazil will also be announced.

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