GOLD 0.51% $1,391.7 gold futures

It could be an interesting night tonight.Median forecast for CPI...

  1. 62 Posts.
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    It could be an interesting night tonight.
    Median forecast for CPI is for a .5% increase. The last few months have exceeded expectations.
    I assume (as has been the case previously) that a large number of gold contracts will be dumped in the 5 seconds following release of the figures, after which gold will be bid back to where it started.
    Tonight may be different however.
    Following Monday's price action, I would guess there would be fewer stop losses to be hit than has been the case in previous months. I think the algorithms will sell regardless, I just wonder if it's worth it tonight?
 
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