A post by @FirstSquawk on X.
SPOT GOLD EXTENDS LOSSES AFTER US CPI DATA, LAST DOWN 2.4% TO $4,041.10/OZ
@FirstSquawk on X
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Spot gold fell 2.4% to $4,041.10 an ounce, extending losses after the release of US CPI data. The move marks a sharp intraday decline for the metal, which had been trading near record highs. The reaction suggests markets are repricing expectations for Federal Reserve policy in response to the inflation print. Traders will watch upcoming inflation and labor data, along with Fed commentary, for signals on the rate path.
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Spot Gold (XAU), US CPI
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