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Trump Truth social post helps lift Gold off the lows as CPI report looms
A couple of minutes ago the US President was seemingly up and about and seemingly back to his former habit of whacking out a tweet (or something via is own medium) as soon as he gets out of bed. Well, just now Trump once again called on the Fed to lower interest rates. The immediate reaction sent the USD/JPY about 20 pips lower and it also sent Gold back above $2,885. Earlier, gold fell back to a low at $2,879.13. The rebound seen just now is not at all conclusive and it does not matter what input the US president has to offer, because the CPI data is of far more immediate importance. Gold is set to react to any surprise in that data and it is just now trading $2,884.50
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