🔥BREAKING:
🇺🇸 US CPI rose to an annual rate of 3.7% in September. 📈
The print beat Wall Street expectations of 3.6% and marked a noticeable increase from August's 3.4% reading, primarily driven by an energy shock. $CL
Core CPI also ran hot at 2.6% annually and 0.3% month-on-month.
This indicates that inflationary pressures are no longer just an isolated energy issue but are actively bleeding into the broader economy.
Over $350 BILLION wiped out from gold $XAU and silver $XAG in just 5 minutes after CPI came in higher than expected.
#CPIWatch #GOLD_UPDATE
🇺🇸 US CPI rose to an annual rate of 3.7% in September. 📈
The print beat Wall Street expectations of 3.6% and marked a noticeable increase from August's 3.4% reading, primarily driven by an energy shock. $CL
Core CPI also ran hot at 2.6% annually and 0.3% month-on-month.
This indicates that inflationary pressures are no longer just an isolated energy issue but are actively bleeding into the broader economy.
Over $350 BILLION wiped out from gold $XAU and silver $XAG in just 5 minutes after CPI came in higher than expected.
#CPIWatch #GOLD_UPDATE