Urgent: Release of U.S. inflation data.. and gold erases its losses
The U.S. inflation data released today, Wednesday, showed further easing in price pressures at the producer level during June, in a reading that was weaker than market expectations. This reinforces signals of continued slowing inflation, despite ongoing uncertainty tied to higher energy prices and geopolitical tensions in the Middle East.
The data came one day after the release of the Consumer Price Index, which also revealed a larger-than-expected slowdown in the pace of inflation. This prompted investors to reassess their expectations regarding the Federal Reserve’s monetary policy path over the coming months.#StripeAdventBidToBuyPayPalFor$53B #ChinaQ2GDPGrows4.3%MissingForecast #CFTCOrdersKalshiToHonorMichiganTrades #CFTCOrdersKalshiToHonorMichiganTrades #JuneCPIFedHike20% $XAU
The U.S. inflation data released today, Wednesday, showed further easing in price pressures at the producer level during June, in a reading that was weaker than market expectations. This reinforces signals of continued slowing inflation, despite ongoing uncertainty tied to higher energy prices and geopolitical tensions in the Middle East.
The data came one day after the release of the Consumer Price Index, which also revealed a larger-than-expected slowdown in the pace of inflation. This prompted investors to reassess their expectations regarding the Federal Reserve’s monetary policy path over the coming months.#StripeAdventBidToBuyPayPalFor$53B #ChinaQ2GDPGrows4.3%MissingForecast #CFTCOrdersKalshiToHonorMichiganTrades #CFTCOrdersKalshiToHonorMichiganTrades #JuneCPIFedHike20% $XAU