🚨 US CPI SURPRISE PUTS GOLD & SILVER UNDER PRESSURE
US inflation reportedly came in at 3.7%, above the 3.6% forecast, marking its highest level in four months.
The market reaction was brutal. 📉 Gold and silver saw a sharp sell-off, with more than $350 billion in combined market value reportedly erased within minutes.
Higher-than-expected inflation can change expectations around Fed policy, putting precious metals under pressure.
Now the big question: is this just a sudden reaction, or the start of a deeper correction?
Watching the next move closely. 👀
#CPIWatch #Gold #Silver #XAU #XAG
$WAL
$SOXSB
$ZKP
US inflation reportedly came in at 3.7%, above the 3.6% forecast, marking its highest level in four months.
The market reaction was brutal. 📉 Gold and silver saw a sharp sell-off, with more than $350 billion in combined market value reportedly erased within minutes.
Higher-than-expected inflation can change expectations around Fed policy, putting precious metals under pressure.
Now the big question: is this just a sudden reaction, or the start of a deeper correction?
Watching the next move closely. 👀
#CPIWatch #Gold #Silver #XAU #XAG
$WAL
$SOXSB
$ZKP