Gold treads waters to extend gains above $1,920

Hello wealthy friends! Currently, XAU/USD is striving to increase its profits for the second day in a row, remaining around $1,921 in the early hours of Tuesday's Asian session. The pair is receiving support in its upward movement due to the retreat of the US Dollar (USD).

Nevertheless, the favorable performance of US Treasury yields might be limiting the advancements made by this valuable metal.

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good luck everone !

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At the time of the survey, DXY measured greenback fluctuations with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increasing by 0.07%; to 104.64.

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The consumer price index report for August will be released Wednesday morning. CPI is expected to increase 4.3% year-over-year, compared to a 4.7% increase in the July report.

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Gold is going in the right direction

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If the US CPI index in August increases as expected, the opportunity for gold will decrease.