Gold price investing traders in gold price investing circles

Traders in gold price investing circles are watching the U.S. CPI release closely this week. A weaker-than-expected inflation print could trigger a breakout above $2,400 as rate-cut expectations intensify in the market. A comfortable home and a healthy nest egg are crucial for ensuring financial security in retirement. With $143,000 in cash, it's important to avoid letting it sit idle, as inflation and missed opportunities could erode its value. The banking crisis that hit the US in early March caused a domino effect through the global financial system and led to the mid-March collapse of Credit Suisse, Switzerland’s second-largest bank. The gold price had jumped to US$1,989.13 by March 15. The continued fallout in the global banking system throughout the second quarter of the year allowed gold to break above US$2,000 on April 3, and go on to flirt with a near-record high of US$2,049.92 on May 3. Options flow data reveal increased call buying in gold price investing plays, signaling bets on a sharp upside move. Open interest on $2,450 strike calls for July delivery has risen 22% in just two sessions.