Gold slips ahead of CPI data as Fed rate-hike bets wobble
TL;DR Summary
Gold slid to about $4,329/oz and silver rose to around $63.80 as markets brace for U.S. CPI data; July payrolls fell by 23,000 with the unemployment rate at 4.1% and revisions totaling -103,000, trimming September rate-hike odds to roughly 44%. Oil steadied with Iran/U.S. tensions, the dollar firmed and 10-year yields hovered near 4.6%, keeping markets focused on CPI, PPI and retail-sales releases that could reprice Fed expectations and metals prices.
- Gold softens, silver firms as CPI week tests Fed repricing - Kitco AM Report KITCO
- Gold’s breakout could force investors back in: Chart of the Day finance.yahoo.com
- Gold Holds Gain After Soft US Jobs Data Eases Rate-Hike Concerns Bloomberg.com
- Gold eases on firm dollar; Markets eye US inflation data for Fed policy clues Reuters
- Gold consolidates breakout as bullish case builds FOREX.com
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