GOLD PRICE OUTLOOK WEIGHS ON SENTIMENT AND PPI DATA
GOLD PRICE OUTLOOK WEIGHS ON SENTIMENT AND PPI DATA
XAU/USD currently trades at $2,672.99, with gold prices under pressure.
The US Producer Price Index (PPI) rose by less than expected in December, supporting gold's recovery.
Speculative interest in gold is influenced by sentiment and headlines around President-elect Donald Trump’s tariff plans.
Gold saw a slight uptick as market sentiment deteriorated, but overall movement remains limited.
The PPI rose 0.2% in December, below expectations, and the annual increase was 3.3%, slightly missing forecasts.
