Gold prices (XAU/USD) plunged and reached their weakest point in two months on Tuesday after higher-than-anticipated U.S. CPI data sparked a hawkish repricing of Fed interest rate expectations, boosting U.S. Treasury yields and the U.S. dollar across the board.
With progress on disinflation stalling, the U.S. central bank may delay the start of its easing cycle and opt for only modest rate cuts when the process gets underway. This could mean higher bond yields and a stronger U.S. currency for longer, a situation that could exert downward pressure on precious metals.
With progress on disinflation stalling, the U.S. central bank may delay the start of its easing cycle and opt for only modest rate cuts when the process gets underway. This could mean higher bond yields and a stronger U.S. currency for longer, a situation that could exert downward pressure on precious metals.
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Gold Sell 90 pips running
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