climbed 8.3%, higher than the 8.1% estimate but below the 8.5% in the prior month. The index rose just 0.3% last month, the smallest gain since last August, the Labor Department said on Wednesday, versus the 1.2% MoM surge in the CPI in March, the most significant advance since September 2005.
However, precious metals are holding up relatively as a drop in the benchmark 10-year Treasury yields, which hit the lowest level in two weeks, has capped some of the bear's progress. The ten-years are down over 3% while the more Fed tentative 2-years are losing 3.7%, weighed by Producer Prices that fell short of expectations.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold Technical Forecast: Gold Price Plunge Targets Final SupportGold prices are poised to mark a fourth consecutive weekly decline with XAU/USD more than 2% since the start of the week. The decline is now testing key support targets--we’re on the lookout for a possible exhaustion low in the weeks ahead.
Source: DailyFX - 🏆 305. / 63 Read more »
Gold Price Forecast: XAU/USD bears firming at critical 38.2% Fibo daily resistanceAt the time of writing, the gold price is some 0.8% higher and correcting from daily support located in the lows of the day at $1,832.07. At $1,853.40
Source: FXStreetNews - 🏆 14. / 72 Read more »
Gold Price Forecast: XAU/USD freezes around $1,850 on strong US CPI, DXY stable above 104.00Gold Price Forecast: XAU/USD freezes around $1,850 on strong US CPI, DXY stable above 104.00 By Sagar_Dua24 Gold XAUUSD DollarIndex Fed Inflation Sagar_Dua24 CPI wasn’t strong less than last month so what the fuss ?
Source: FXStreetNews - 🏆 14. / 72 Read more »
Gold Price Forecast: XAU/USD bears taking on critical daily supportThe gold price continues to deteriorate despite some relief in the US dollar's advance. At the time of writing, XAU/USD is down some 0.46% at $1,845 w
Source: FXStreetNews - 🏆 14. / 72 Read more »
Gold Price Forecast: XAU/USD rebounds towards $1,850 as DXY eases ahead of US inflationGold (XAU/USD) prices recover from the lowest since February as markets brace for the all-important US inflation data during early Wednesday. The meta
Source: FXStreetNews - 🏆 14. / 72 Read more »
Gold Price Forecast: XAU/USD tumbles to near $1,850 as DXY rebounds, US PPI eyedGold Price (XAU/USD) has slipped to near $1,852.00 as the US dollar index (DXY) has rebounded sharply after trading lackluster in the early Tokyo sess
Source: FXStreetNews - 🏆 14. / 72 Read more »