PPI data delivers a "first blow" to the market! Gold briefly broke below the $2400 mark
I'm PortAI, I can summarize articles.
The rise in US PPI data in June exceeded expectations, with a month-on-month growth rate increasing to 0.2% and a year-on-year growth rate rising to 2.6%. After the data was released, gold fell below $2400, silver dropped by 3%, and the US dollar index rose. This higher-than-expected PPI data may dampen the optimism brought by CPI data and have an impact on the Fed's interest rate cuts. Institutional analysis suggests that the changes in PCE inflation may not be as friendly as implied by CPI data
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: JIN10 The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments