Gold Gap Closing Forecast Amid Economic Fluctuations

In the recent gold chart, we can observe a bearish gap between the $2,660 and $2,645 levels. To close this gap, gold needs to rise by about $15 from the current level to $2,660. This move is not only a reflection of market fluctuations but also depends on macroeconomic factors.

Currently, the latest economic indicators from the US, especially the consumer price index (CPI) data, show a softer-than-expected inflationary pressure. This may prompt the US Federal Reserve (Fed) to continue its accommodative monetary policy, which could weaken the USD and support gold prices.

In addition, the global economic situation also plays an important role. For example, if the economic situation in China - the world's second largest economy - continues to show signs of deterioration, demand for safe-haven assets such as gold could increase.
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