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Gold (XAUUSD) & Silver Price Forecast: CPI Cools, Bulls Hold Key Resistance Zones
FX Empire· 2026-01-14 08:50
Group 1: Market Dynamics - Gold is gaining support due to a weaker US dollar and expectations of potential interest rate cuts by the Federal Reserve [2][3] - Silver is trading at 91.09, reflecting a 4.72% increase, driven by the same factors affecting gold [1] - The US dollar is showing weakness, trading around 99.10, which makes gold and silver cheaper for international buyers [2] Group 2: Economic Indicators - The US Consumer Price Index (CPI) indicates cooling inflation, with core CPI rising only 0.2% in December, keeping annual core inflation at 2.6%, the lowest in four years [4] - The headline CPI increased by 0.3% monthly, resulting in an annual inflation rate of 2.7%, aligning with market forecasts [4] Group 3: Geopolitical Factors - Rising geopolitical tensions, particularly related to the situation in Iran and threats from the Trump administration, are contributing to market uncertainty [5][6] - The crackdown on protests in Iran and the government's internet blackout are exacerbating the situation, leading to increased market sentiment tension [6]