Gold Price Forecast: XAU/USD rebounds above $4,000 with US CPI in focus - FXStreet
Gold Price Forecast: XAU/USD rebounds above $4,000 with US CPI in focus - FXStreet
Source: FXStreet
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DW NOTE
Gold crossed $4,000 again — still 24% below the January peak of $5,318. The rebound isn't a breakout; it's a dead-cat bounce in a metal that spiked on war risk and has been bleeding since. CPI arrives Wednesday at 8:30 AM ET. The May print was 4.27%, more than a point above the Fed's target, while producer prices ran at 6.42%. If June shows further disinflation, gold loses its last narrative prop. If it doesn't, the Fed stays restrictive and real rates eat bullion returns. Either way, this isn't $5,000 again without a new crisis.