Gold Price Recovers Above Key Moving Average Following US Inflation Data

Gold prices rebounded above the 100-day Simple Moving Average (SMA) of $4,335 after the release of US inflation data on Friday. According to FX Street, gold (XAU/USD) bounced off intraday lows below $4,300 and regained the crucial technical level amid renewed expectations of a Federal Reserve rate hike.

The market is now closely watching the Federal Reserve's next policy meeting scheduled for next week, as investors weigh the potential impact of further interest rate increases on precious metals and broader financial markets.

For Japanese investors, the gold price movement highlights the ongoing sensitivity of FX and commodity markets to US monetary policy signals, which can influence yen crosses and domestic portfolio allocations.