Economic dataMint
Gold falls nearly 3% as CPI tops forecasts
Neutral0
GreyOak summary
Gold prices dropped nearly 3% to $4,028.39 after US inflation data exceeded forecasts, rising 0.4% month-on-month. This hotter-than-expected CPI print lifted the US dollar and Treasury yields, reinforcing expectations for a larger Federal Reserve rate hike in December.
What it affects
- GoldNeutral 0
Gold prices fell nearly 3%.Rolling sentiment Neutral +13
