Global Inflation Is Slowing Down, Gold Investors Are Expected To Profit!

<p>&nbsp;In yesterday's European session, the price of gold showed its rise, albeit quite slowly. This trend occurs when the United Kingdom (UK) also reports that their economy is experiencing a loosening of the grip on inflation just like the United States (US) recently.</p><p><br /></p><p>Official data showed a drop in goods price increases to 4.6% in October in the UK compared to forecasts of 4.7%.</p><p><br /></p><p>This is the lowest benchmark and a significant decrease from the 6.7% as reported in the previous month.</p><p><br /></p><p>However, the price of gold today and yesterday showed a slight decline which is around $1,960.00 after the previous increase reached the height of $1,975.00.</p><p><br /></p><p><br /></p><p>For now, the value of gold is seen to be flat and has not experienced significant changes during the early trading period in Asia.</p><p><br /></p><p>Gold prices remained steady in the Asian Session following strong US retail sales data and strengthening expectations that the Federal Reserve (Fed) will end its tightening policy.</p><p><br /></p><p>Many investors hope that this inflationary situation will favor the monetary authorities and expect interest rate cuts in the first half of next year.</p><p><br /></p><p>Technically on the price chart, gold has now shown a 'zigzag' movement throughout this week in line with the 200-day price movement indicator.</p><p><br /></p><p>Investors are hoping for the price of gold to reach the $2,000.00 level again, but remain prepared for the risk of the price falling back to lower levels like the previous week.</p>