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Forecast for XAUUSD for 11th August 2022

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1) PPI (Producer Price Index) is higher , USD will go higher. When producers charge more for goods and services the higher costs are usually passed on to the consumer.

2) Previous month PPI is higher than the forecasted one.

3)Higher PPI helps for government to have more tax and also help for US government expenditure.

4) Current forecasted PPI is 0.2% lower than the previous forecasted which is 0.8% and the actual one last month for CPI is 1.1%

5) Many analyst claim the actual PPI is better than the forecasted one.

Gold xauusd : The trend is Bearish.

Sources : Investing.com and Forexfactory.com

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