Gold prices are progressing with a high CPI in the United States

• Gold stopped losses despite CPI jump in the United States over 3 % in January.
• Traders cut interest bets to only 30 basis points for 2025.
• The US dollar erases gains after Powell officials and federal reserve officials remain sincere.

The price of gold has regained some of the land late during the North American session on Wednesday. Jerome Powell, head of the Federal Reserve (FERED), said that policy needs to remain restricted while intensifying the pressure of inflation in Jabal and President of the United States (United States) Donald Trump. Xau/USD is trading at $ 2,897, almost unchanged.

The non -returned metal stopped its landmark after the American Labor Statistics Office (BLS) revealed that inflation jumped over 3 % in the United States, indicating that the Fed’s Reserve Bank stopped in the mitigation cycle may be longer than expected.

Last week, the futures contract contract at Federal Reserve in December showed that traders expect 40 BPS points of mitigation. After the consumer price index, these expectations were modified to only 30 basis points of price cuts by the end of the year.

The US Treasury Responses responded to the treasury on the upward trend. However, the US dollar (USD) lost some gains that were wiped after CPI, which sits in 107.98, almost unchanged as depicted by the US dollar index (DXY).

Earlier, Federal Reserve Speaker Jerome Powell ended his testimony in the US House of Representatives. He said that the function in inflation was not complete, and added: “Therefore, we want to continue to restrict politics at the present time.”

The head of the Federal Reserve at Atlanta Rafael Bustic has repeated some of his words, saying that if the economy develops as expected, inflation may reach 2 % in 2026. End. “

Daily Digest Market Movers: The price of gold maintains a rising gathering in the United States

• Treasury bonds in the United States increases for 10 years of nine and a half basis points (BPS) by 4.635 %.
• The real returns of the United States, which are inversely linked to alloys, rises nearly nine bits per second to 2.157 %, which is a opposite wind for Xau/USD.
• The US consumer price index (CPI) rose above 3 % on an annual basis for the first time in six months, exceeding expectations and an increase of 2.9 % in December. This rise emphasizes the constant challenge facing the federal reserve in controlling inflation. Core CPI, which excludes volatile items, increased by 3.3 % on an annual basis of 3.2 %, higher than expectations by 3.1 %.
• Bullion witnessed the increase in demand from central banks, as the World Gold Council (WGC) stated that central banks bought more than 1000 tons of gold for the third year in a row in 2024. After Trump’s electoral victory, purchases by central banks increased by more than 54 % On an annual basis to 333 tons, according to WGC data.
• Pricing money in the money market in the money market at 30 basis points of mitigation by the Federal Reserve in 2025.

Technical expectations Xau/USD: Gold price is about $ 2900

The price movement allows that gold is preparing to make more gains after printing “consecutive” pin tapes, which is an indication of some frequency. Although CPI data in the United States was hot, Xau/USD was not appointed to a volatile reaction after the trading day on Tuesday, as gold reached a value of $ 2942 before declining to less than $ 2900.

The RSI is transformed despite its presence in the peak area, and the door opened for some monotheism.

If Xau/USD has wiped a mark of $ 2900, the main resistance at a standard level, followed by psychological price levels of $ 2950 and $ 3000. On the contrary, if gold decreases, the first support is $ 2850, followed by the support of the high cycle on October 31 at $ 2 and January 27 from a decrease of $ 2,730.