March Gold futures fell back below the $5,000 level, registering a daily decline of approximately 2.6%. This move represented the largest single-day percentage loss since January 30th, driven largely by an unwinding of safety trades. Market sentiment shifted following reports of productive meetings between U.S. and Israeli leadership regarding Iran, suggesting a potential de-escalation of regional tensions. Additionally, gold tracked with broader risk asset selling as investors positioned themselves for the upcoming Consumer Price Index (CPI) release. Consensus expectations look for headline inflation to cool to 2.5% year-over-year.
Learn more about trading futures and options at CME Group: https://www.cmegroup.com/markets/metals.html
#Gold #futures #CPI
Learn more about trading futures and options at CME Group: https://www.cmegroup.com/markets/metals.html
#Gold #futures #CPI