{"id":116347,"date":"2023-06-30T22:39:51","date_gmt":"2023-06-30T22:39:51","guid":{"rendered":"https:\/\/dripp.zone\/news\/xau-usd-extends-recovery-above-1910-after-us-core-pce-crypto-news\/"},"modified":"2023-06-30T22:39:53","modified_gmt":"2023-06-30T22:39:53","slug":"xau-usd-extends-recovery-above-1910-after-us-core-pce-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xau-usd-extends-recovery-above-1910-after-us-core-pce-crypto-news\/","title":{"rendered":"XAU\/USD extends recovery above $1,910 after US Core PCE\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>The US dollar weakened following consumer inflation data.<\/strong><\/li>\n<li><strong>DXY drops 0.4%, retreating from two-week highs. <\/strong><\/li>\n<li><strong>XAU\/USD reached its highest level in three days.<\/strong><\/li>\n<\/ul>\n<p>Gold prices are having their best day in weeks on Friday, boosted by a decline in the US dollar across the board.  XAU\/USD jumped from near $1,905 to $1,920 following the release of the US Core Personal Consumption Expenditure Price Index.<\/p>\n<p>The consumption inflation figures showed a decline slightly higher than expected and triggered a retreat in US yields and boosted equity and commodity prices.  The US Core <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/core-pce-inflation-preview-federal-reserve-next-moves-in-play-with-key-data-release-202306300700\">pce<\/a> fell in May to 4.6% on an annual basis from 4.7%, while the headline dropped from 4.6% to 3.8%.<\/p>\n<p>These figures softened Federal Reserve rate hike expectations for the next meeting.  The focus now turns to next week&#8217;s US labor market data, which includes the ADP, Jobless Claims (Thursday), and the Nonfarm Payrolls report (Friday).<\/p>\n<h2 class=\"fxs_headline_medium\">XAU\/USD rebounding<\/h2>\n<p>XAU\/USD is hovering around $1,915, up less than $10 but enough to make it the best day in weeks.  The recovery took place after reaching a low on Thursday at $1,892, the lowest level in three months.<\/p>\n<p>On the upside, XAU\/USD is breaking a short-term downtrend line.  The next resistance area is $1,920.  On the downside, a decline below $1,905 would weaken the short-term outlook for the yellow metal.<\/p>\n<h2 class=\"fxs_headline_medium\">technical levels <\/h2>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: The US dollar weakened following consumer inflation data. DXY drops 0.4%, retreating from two-week highs. XAU\/USD reached its highest level in three days. Gold prices are having their best day in weeks on Friday, boosted by a decline in the US dollar across the board. XAU\/USD jumped from near $1,905 to $1,920 following the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6147,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,4859,255,250,350,252,247,253,249,256,254,485],"class_list":["post-116347","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-golden","tag-gta","tag-looks-rare","tag-metals","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress","tag-xauusd"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/116347","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=116347"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/116347\/revisions"}],"predecessor-version":[{"id":116348,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/116347\/revisions\/116348"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/6147"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=116347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=116347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=116347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}