Xauusd setup

Based on higher-than-expected US CPI data, gold prices in international markets hit a two-month low of around $1,992 per ounce. However, the yellow metal saw some buying in international markets, allowing the precious bullion to regain some of its lost ground over the past two weeks. However, this rise in emissions was not enough to offset overall losses, and the gold futures contract on the Multi Commodity Exchange (MCX) for April 2024 expiration ended lower for the second week in a row