Gold slips from two-month high as traders reassess Fed outlook after soft CPI - Investing.com
Gold slips from two-month high as traders reassess Fed outlook after soft CPI - Investing.com
Source: Investing.com
―
DW NOTE
Gold fell from its two-month high after softer-than-expected CPI data led traders to reconsider the Fed's next move — but a two-month high is still 16.1% below January's $5,318 peak. The metal is up 5.1% this week as the Strait of Hormuz remains closed and 2,000 ships sit stranded in the Gulf, yet the headline treats a modest pullback as the story. Inflation data matters less when 20% of global oil supply can't move.