The US producer price index for final demand declined 0.5% last month, the first negative monthly reading since April 2020, the Labor Department said on Thursday. The PPI climbed 1.0% in June. In the 12 months through July, it increased 9.8% after advancing 11.3% in June.
As long as the GOLD price stays above 1785 on a four-hourly basis, we will see the resistance level at 1805 and 1829. On the downside, if the price breaks down below 1785, the next support level will be at 1763.
11 Aug 22 (Thu)