Gold Forecast: Markets Run into Brick Wall

Gold markets were very noisy on Wednesday as the CPI number came out a bit cooler than anticipated.
The market has been rising for a while, so it does make sense that we are running out of momentum.CPI in the United States came out at 0.0% month over month, and Core CPI came out at 0.3% instead of the expected 0.5%.This has traders looking at the possibility of the Federal Reserve not having to tighten monetary policy as rapidly as before.Ultimately, this is a market that will have a major influence on where we go next.

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