Gold Holds Near Support as Markets Shift from CPI Repricing to PPI Confirmation - Investing.com
Gold Holds Near Support as Markets Shift from CPI Repricing to PPI Confirmation - Investing.com
Source: Investing.com
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DW NOTE
Gold has lost 24% since its January high. That's not "holding near support" — it's the late stage of a drawdown that has already happened. Markets repriced rate expectations after CPI came in cooler than forecast, but PPI is still running at 5.51% — nearly double the consumer figure. If producer costs stay elevated while the Fed holds or tightens, margin compression will do what headline inflation didn't.