🤯 CPI DATA & GOLD — A SUBTLE BULLISH SIGNAL 🥇
Headline CPI came in at 3.4% and core CPI at 2.5%, both matching expectations and easing slightly from the previous month.
📉 Cooling inflation gives the Fed more room to consider rate cuts, which can support gold through lower yields and a potentially weaker dollar.
So despite the data being “in line,” the broader picture remains slightly positive for gold. 🟡📈
#Gold #CPI #Fed #interestrates
Headline CPI came in at 3.4% and core CPI at 2.5%, both matching expectations and easing slightly from the previous month.
📉 Cooling inflation gives the Fed more room to consider rate cuts, which can support gold through lower yields and a potentially weaker dollar.
So despite the data being “in line,” the broader picture remains slightly positive for gold. 🟡📈
#Gold #CPI #Fed #interestrates