XAUUSD 8/9 : Today's CPI Forecast

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XAU/USD fell sharply early in the US session, hitting a fresh 4-week low of $1,922.74 per troy ounce, as demand for the US Dollar increased following comments from Reserve officials. Federal. unified report on the Consumer Price Index (CPI) of the United States (USA) July.

Philadelphia Federal Reserve Bank President Patrick Harker said they are getting back to more normalcy and while looking at the possibility of a soft landing, he added that supply chain problems are recovering. Furthermore, he said the Fed can be "patient" and keep rates steady, though he made clear September's decision will depend on upcoming data.
注释
The negative impact of information from China spread to Asian and European stock markets, causing the US stock index to also drop at midday.

The market is also paying special attention to the US and China inflation reports this week. The July US consumer price index is scheduled for release on Thursday, and the producer price index is due on Friday. Although both CPI and PPI (producer price index) are expected to rise slightly from the June reports, the market is still watching closely.
注释
🔹After the data, it is expected that the Federal Reserve will raise interest rates next month by 25 points, to reach 5.75%.
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