US budget blowout and inflation surprise – gold (XAUUSD) poised to soar
The US federal budget deficit could trigger a rally in XAUUSD towards the 3,400 USD level. Find more details in our forecast for 11 June 2025.
XAUUSD forecast: key trading points
US Consumer Price Index (CPI): previously at 2.3%, projected at 2.5%
US federal budget statement: previously at 258.0 billion, projected at -314.3 billion
Current trend: moving upwards
XAUUSD forecast for 11 June 2025: 3,400
Fundamental analysis
Fundamental XAUUSD analysis for today, 11 June 2025, takes into account that gold prices hold steady above 3,300 USD per troy ounce, maintaining their upward trajectory amid lingering uncertainty in US-China trade relations.
The XAUUSD forecast for 11 June 2025 suggests the CPI could rise to 2.5% from the previous 2.3%, but this projection may not materialise given the index has shown consistent declines in past reports. A weaker-than-expected CPI could put additional pressure on the US dollar.
Additionally, the US federal budget statement is projected to show a drop to -314.3 billion USD. The negative value indicates the budget deficit, which may further weaken the US dollar.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
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The RoboForex Team