Economic dataNDTV Profit
Gold drops over 2% as hotter US CPI lifts dollar
Negative-20
GreyOak summary
Spot gold fell 2.1% to $4,051.50 per ounce after US CPI data came in at 0.4%, exceeding the 0.3% forecast. The higher inflation strengthened the dollar and pushed 10-year Treasury yields above 4.95%, making gold less attractive.
What it affects
US inflationNegative -20US CPI rose 0.4% vs 0.3% forecast.Rolling sentiment Negative -44
- GoldNeutral 0
Gold prices fell over 2%.Rolling sentiment Neutral +13
