XAU rose to a 7-week high and ended its third consecutive week of gains following dovish comments from US Federal Reserve Chairman Jerome Powell, along with news that inflation is decreasing as expected. wait.
The US consumer price index (CPI) report released last week showed that core inflation (excluding volatile food and energy prices) increased by 3% over the same period last year, marking The annual inflation increase is the slowest since April 2021.
Closing the trading session last week (July 14), the world gold price was listed at 2,411.67 USD/ounce.