Spot gold retreats as U.S. CPI spikes, potentially cancelling June's rate cut expectations - U.S. (PPI) data next
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The precious yellow metal saw a downturn on Wednesday, largely driven by a spike in inflation data, which coincided with the strengthening of the US Dollar Index (U.S. DXY) to 105.15. This development dampened expectations for the U.S. Federal Reserve to start interest rate reductions as early as June.
Spot gold retreats as U.S. CPI spikes, potentially cancelling June's rate cut expectations - U.S. (PPI) data next
Spot gold retreats as U.S. CPI spikes…
Spot gold retreats as U.S. CPI spikes, potentially cancelling June's rate cut expectations - U.S. (PPI) data next
The precious yellow metal saw a downturn on Wednesday, largely driven by a spike in inflation data, which coincided with the strengthening of the US Dollar Index (U.S. DXY) to 105.15. This development dampened expectations for the U.S. Federal Reserve to start interest rate reductions as early as June.