Daily digest market movers: Gold loses its shine after hot US CPI report

avatar
· Views 93


  • US Consumer Price Index (CPI) increased 0.4% monthly and 3.5% annually, surpassing expectations and marking an uptick from the previous month's figures.
  • Core CPI, which excludes food and energy, also exceeded forecasts, remaining steady at 0.4% MoM and 3.8% YoY, mirroring February's data.
  • Following this, US Treasury bond yields experienced a significant surge, particularly at the short end, with the 2-year Treasury note yield jumping by 20 basis points.
  • The US Dollar Index (DXY) also witnessed a substantial increase, soaring over 1% to reach new YTD high of 105.27.
  • Data from the Chicago Board of Trade (CBOT) suggests that futures traders expect just two cuts to the fed funds rate as they project the main reference rate to end the year at 4.98%.
  • World Gold Consortium reveals that the People’s Bank of China was the largest buyer of the yellow metal in February, increasing its reserves by 12 tonnes to 2,257 tonnes.


إخلاء المسؤولية: الآراء الواردة هنا تعبر فقط عن رأي الكاتب، ولا تمثل الموقف الرسمي لـ Followme. لا تتحمل Followme مسؤولية دقة أو اكتمال أو موثوقية المعلومات المُقدمة، ولا تتحمل مسؤولية أي إجراءات تُتخذ بناءً على المحتوى، ما لم يُنص على ذلك صراحةً كتابيًا.

هل أعجبك هذا المقال؟ عبّر عن امتنانك بإرسال نصيحة للكاتب.
الرد 0

  • tradingContest