Last week, UK and Eurozone inflation data were followed. In the UK, consumer price index increased by 0.1% monthly in June, below the expectations, while annual inflation, which was 8.7% in May, decreased to 7.9% in June. Inflation thus fell to its lowest level since March 2022. In the Euro Area, the consumer price index increased by 0.3% monthly in June and annual inflation fell to 5.5%. Let's look at the ounce of gold, we saw an upward movement in the ounce before the Fed's rate decision, hovering around $ 1,980 and around. Fed rate decision will be announced on the 26th this week, expectation is 5.5% Fed rate decision will be announced on the 26th this week, expectation is 5.5%
If the interest rate decision is as expected, a pullback can be seen in the ounce. Let's follow together!