Iau stock price today forecast indicates cautious optimism as CPI
IAU stock price today forecast indicates cautious optimism as CPI figures show moderating inflation. If spot gold holds above $2,300/oz, IAU may revisit $48.00 resistance. Short-term volatility remains elevated due to Treasury yield swings. Gold's swings are usually short, however — maybe a couple of months. But occasionally a downward swing can last some time. Gold peaked at about $1,818 an ounce in summer 2011 and didn't bottom until the end of 2015 at $1,067. i-80 Gold Corp ( (TSE:IAU) ) has provided an announcement. IAU stock price today forecast highlights that safe-haven demand is increasing as equity markets experience risk-off sentiment. Gold correlations suggest a possible sustained move to $47.80, supported by ETF inflow data from Tuesday’s close.
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