Analyst warning: If the US CPI exceeds expectations this week, the price of gold may fall below the $4000 mark.

Wisdom Financial APP learned that Forex.com analyst Fawad Razaqzada stated in a report on Monday that the price of gold has fallen below the 200-day moving average. If inflationary pressures in the United States exceed expectations and heat up this week, gold may test the key support level of $4,000 per ounce.