Everyone is waiting for the release of CPI data.

One of the main intrigues of these days is tomorrow's report on the consumer price index in the US. As we all remember, among the reasons for raising the rate were the following - unbridled employment growth, high wages, as well as the cost of maintaining the economy during the coronavirus pandemic. What we have now is only high wages and a relative increase in employment, which are believed to have fueled inflation. The annual CPI in June was 3%, the forecast for the upcoming data is 3.3%. Many experts believe that the actual data is likely to be lower than the forecast. What will happen in this case, you already know, and I will not tell. I just want to add a little of my own. If we try to draw parallels in the future, taking into account the relationship between the quotes of gold and the dollar index, then in my opinion it will turn out as follows: gold is probably near a serious support zone, the dollar index has not updated its highs since March and has not set records after the previous rate increase. But the minimum of the index was still updated. The following conclusion suggests itself - most likely the index will update the lows, and gold, logically, will go to conquer the heights.

P.S. - I, too, will be happy to see in the future whether this prediction of mine has come true or not.