CPI Surprise Keeps Fed Hike Bets Alive, Sparking Gold and Silver Swings

1 min read
Source: KITCO
CPI Surprise Keeps Fed Hike Bets Alive, Sparking Gold and Silver Swings
Photo: KITCO
TL;DR Summary

August core CPI rose 0.3% month-over-month (above expectations), keeping odds of a September Fed rate hike intact and triggering volatile moves in gold and silver as traders weigh higher-for-longer policy, with a firmer dollar, higher yields, and oil hovering around $100+.

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