⭕️ Immediate publication of US inflation data; click on the ounce of gold (and Bitcoin).
US monthly core index data: 0.3% forecast: 0.2% previous: 0.3%.
US monthly index data: 0.4% forecast: 0.3% previous: 0.6%.
🔘 Impact on the global gold ounce:.
Both indicators were published higher than expected. This issue can weaken expectations for the Federal Reserve's interest rate cut and support the dollar index; A factor that can put downward pressure on the gold ounce.
The final market reaction depends on interest rate expectations, US bond yields and the behavior of the dollar index.