The US dollar fell on Wednesday, investors await today's US consumer price report Gold prices fell, hitting their lowest point in nearly a month

CWG Markets

The US dollar fell on Wednesday,  investors await today's US consumer price report

Gold prices fell, hitting their lowest point in nearly a month

The US dollar fell on Wednesday, with trading quiet and in a range. Investors are waiting for Thursday's US consumer price report to look for signs of the direction of the Federal Reserve's monetary policy. Gold prices fell, hitting their lowest point in nearly a month; Oil prices have hit a new high in several months, and the global indicator Brent crude oil futures have hit their highest level since January. This follows a significant reduction in US finished oil inventories, with Saudi Arabia and Russia reducing production overshadowing concerns about slowing demand.

Gold prices fell on Wednesday, hitting their lowest point in nearly a month, as investors stayed on the sidelines ahead of the release of key US inflation data, which may provide more clues to the Federal Reserve's monetary policy stance. Daniel Pavillonis, Senior Market Strategist at RJO Futures, stated that the Consumer Price Index (CPI) will become the fulcrum of Federal Reserve policy Now it's a wait-and-see mode,