Gold prices are set to rally toward the crucial resistance of $1,800.
October’s inflation figure is a negative factor for the dollar, as it discounts a less restrictive monetary policy by the Fed.
Meanwhile, a decline in the US dollar index has strengthened the gold’s rally.
All eyes will be on the next Fed meeting as investors look for the next signals.
Timestamps
XAUUSD 01:35
DXY 03:00
Test your strategy on how gold will fare with Orbex - Open your account now.