🇬🇧 September PPI increased 1.3% month-over-month, more than double the forecast of 0.6%; retail sales rose 0.8%, exceeding the forecast of 0.3%.
Hotter-than-expected data reinforced inflation concerns ahead of the Fed meeting late this month. Market reaction was muted: gold −0.18% at $4,146/oz, USD index −0.05%, 10-year yield down to 5.06%.
📊 Market Reaction
• Gold: $4,146/oz (−0.18%)
• USD Index: 102.08 (−0.05%)
• US 10-year yield: 5.06% (−2.5 basis points)
• Bitcoin: $80,892 (−0.25%)
#Bitcoin #Gold #BreakingNews
Hotter-than-expected data reinforced inflation concerns ahead of the Fed meeting late this month. Market reaction was muted: gold −0.18% at $4,146/oz, USD index −0.05%, 10-year yield down to 5.06%.
📊 Market Reaction
• Gold: $4,146/oz (−0.18%)
• USD Index: 102.08 (−0.05%)
• US 10-year yield: 5.06% (−2.5 basis points)
• Bitcoin: $80,892 (−0.25%)
#Bitcoin #Gold #BreakingNews