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19 September 2021
13:37 hour

Gold Back Above $1,800 as U.S. Consumer Inflation Underwhelms

Investing.com

14/09/2021 - 22:36


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Related headlines:

  1. Metals Stocks: Gold prices edge lower, threaten first back-to-back decline in May as traders await inflation update (12/05/2021 - Market Watch)
    Gold prices on Wednesday head for a second straight drop, the first back-to-back retreat for bullion so far this month, as investors watch for a reading of U.S. inflation that could prove a near-term catalyst across financial markets.
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  2. Metals Stocks: Gold prices rise as U.S. inflation reported higher-than-expected (13/04/2021 - Market Watch)
    Gold futures on Tuesday turn higher after data showed U.S. consumer prices in March rose for the fourth month in a row and the pace of inflation hit the highest level in 2½ years. Bullion is often viewed as a hedge against inflation.
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  3. Metals Stocks: Gold prices rise as U.S. inflation reported higher-than-expected (13/04/2021 - Market Watch)
    Gold futures on Tuesday turn higher after data showed U.S. consumer prices in March rose for the fourth month in a row and the pace of inflation hit the highest level in 2½ years. Bullion is often viewed as a hedge against inflation.
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  4. Metals Stocks: Gold futures extend tentative recovery as investors watch for inflation (11/08/2021 - Market Watch)
    Gold futures on Wednesday morning trade modestly higher, setting the stage for the first back-to-back advance for the commodity in about a month, as investors await a reading of inflation that could serve as a catalyst for financial markets.
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  5. Buying gold on Akshaya Tritiya; charts suggest gold prices may hit Rs 63,600 by yr-end: Rajesh Palviya (14/05/2021 - Financial Express)
    Gold has historically performed well amid high inflation. In years when inflation was higher than 3%, gold’s price increased 15% on average.
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  6. Oracle of RedditHa (20/02/2021 - Reddit Stock Market)
    So there's a fork in the road fast approaching. It's how does this inflation trickle into the economy with everyone going back to work. There's 1 of 2 scenarios playing out right now; the real tale of the tapes for the world economy. People go back to work and inflation bleeds out of the stock market into household items/food/gas etc etc This result is super "inflation"; it's already happening in the stock market btw with these P/E ratios. Everyone piles into BTC sky rocketing it and bonds tanking and gold continuing its crash as it has death crossed both BTC and bonds. (Gold will crash I'm comparison to BTCs soar, hard line boomers will buy gold for a slight bounce back. People go back to work and they instead buy more stocks due to fomo. This results in deflation. BTC tanking or trading sideways to deflating, gold tanking even faster and bonds sky rocketing . Right now BTC and bonds are rising because people are thinking like me and realizing gold is a crappy return, btc has a hype train and we know we are right. Its either hold btc or bonds, and we're waiting to see which one we dump based on consumers going back to work.   submitted by   /u/checkmydoor [link]   [comments]
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  7. Gold: What A Long And Not So Strange Trip (31/03/2021 - INO.com)
    The Gold Miner correction was well earned, but it was not a bubble. Even today there is some pablum out there talking about how if inflation is good for gold it is especially good for gold miners. I will simply repeat once again that if gold usually does not benefit fundamentally by cyclical inflation (i.e. […] The post Gold: What A Long And Not So Strange Trip appeared first on INO.com Trader's Blog.
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  8. Metals Stocks: Gold futures head lower as investors watch for U.S. inflation report (14/09/2021 - Market Watch)
    Gold futures slip early Tuesday, as investors await a report on U.S. consumer inflation that could offer a fresh catalyst for trade in precious metals.
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  9. My thoughts on why Palantir bought $50 million worth of gold (18/08/2021 - Reddit Stocks)
    Everyone is going on about oh black swan, them investing in gold shows that they are not confident in their own company blah blah. From what I’m seeing, they have $2.3 billion in cash and they only spent 50 million buying gold. With inflation at 5% at the end of July in USA, what’s the point of keeping all your money in cash. To me this is just them hedging so that the money they have won’t lose too much value. I’d be worried if the company I was investing in right now is only keeping all their money in cash with the level of inflation right now. A while back I saw some post about certain banks and companies buying houses at prices way over what the seller were asking for. Isn’t that likely to be a hedging strategy so that they don’t lose value from their hoarded cash? I’m not some economic or market wizard but even if Palantir had spent $100-150m I’d still be okay. The more they spend on buying gold the more I feel I know how bad inflation really is and at least they are doing something to keep up with inflation.   submitted by   /u/Dappsyy [link]   [comments]
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  10. If inflation fear is real then why are we not seeing spikes in gold or even Bitcoin (06/03/2021 - Reddit Stocks)
    Call me in denial stage if you want but I refuse to think the recent sell off is “bubble bursting”. We all know inflation will be higher than usual since Feds has been printing money for a year now and why only until recently does people start to take action on inflation risk? Sure bond market has a bearish outlook on the economy but why would some of the obvious inflation hedge like gold or Bitcoin are also down over the past month then. And JPOW’s remarks on future interest rate and inflation rate are very positive and no one seems to believe him. Some of you argue that the market is switching over to bonds because it reaches year high. I mean bond yield is still at historical lows. I think this is just a cyclical rotation and some profit taking and a normal market correction as we’ve seen back in September of last year. Just relax and keep buying the dips. AMD sub-80 or AMZN sub 3000 is an absolute steal now. Tech will go back up in no time.   submitted by   /u/Youkiame [link]   [comments]
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  11. Metals Stocks: Gold prices pull back, on verge of third straight slide (13/05/2021 - Market Watch)
    Gold prices retreat on Thursday, heading for a third straight slide as the precious metal extended a fall from the highest levels since around February on the back of jitters centered on rising inflation.
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  12. Metals Stocks: Gold prices pull back, on verge of third straight slide (13/05/2021 - Market Watch)
    Gold prices retreat on Thursday, heading for a third straight slide as the precious metal extended a fall from the highest levels since around February on the back of jitters centered on rising inflation.
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  13. Why is gold down with inflation on the rise? (19/06/2021 - Reddit Stocks)
    There is visibly more to the story than what I thought to be a good bet. Is gold down due to the expected interest rate increase? Was the inflation was already priced in and now with the Fed indicating that we're heading towards a new rate hike, it's a direct measure to counteract the raise of the inflation in the near future?   submitted by   /u/Knackmanic [link]   [comments]
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  14. I'm having trouble with this (12/05/2021 - Reddit Stock Market)
    NEW YORK, May 11 (Reuters) - U.S. stocks hit a one-month low on Tuesday as speculation that rising inflation pressure could prompt interest rate hikes sooner rather than later dragged on shares and hobbled the dollar, which hovered near a 2-1/2-month low. We woke up this morning to learn that inflation, that we've been hearing about for months, is really scary today, and the price of gold dropped. Inflation means the buying power of the dollar will fall and investors sold gold and, essentially, bought dollars so they could ride the loss down. That's not the way it worked in 1979 when the inflation and interest rates were 11%. Gold went up 120%. For gold and bitcoin to drop, now, doesn't make sense. At the end of the day, inflation wasn't so scary after all, gold rose and half my holdings ended in the green. It's an improvement for me, but still... If it isn't scary in the afternoon, it wasn't scary in the morning. It smells off. I'm calling bullshit on inflation fears and I'm all in on the dip. I'm damned certain that I'm not holding onto dollars through an inflationary period. I'll rethink this when interest rates hit 15%, again.   submitted by   /u/Y1OG4 [link]   [comments]
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  15. Metals Stocks: Gold futures extend gains to four-month high (18/05/2021 - Market Watch)
    Gold trades higher Tuesday, with prices extending their climb after bullion hit its loftiest level since January on the back of a weaker U.S. dollar and continued fretting about inflation and market valuations.
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  16. Metals Stocks: Gold edges higher, on track for weekly gain (19/03/2021 - Market Watch)
    Gold futures edge higher Friday as Treasury yields back off after a spike in the previous session, with the yellow metal underpinned by inflation worries and jitters about equities.
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  17. Economic Report: Consumers pay higher prices in February, CPI shows, as inflation creeps up (10/03/2021 - Market Watch)
    The cost of U.S. consumer goods and services rose in February at the fastest pace in six months, largely because of higher gas prices, as inflation crept back toward precrisis levels. The consumer price index rose 0.4% last month.
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  18. Economic Report: Consumers pay higher prices in February, CPI shows, as inflation creeps up (10/03/2021 - Market Watch)
    The cost of U.S. consumer goods and services rose in February at the fastest pace in six months, largely because of higher gas prices, as inflation crept back toward precrisis levels. The consumer price index rose 0.4% last month.
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  19. Metals Stocks: Gold prices aim for first back-to-back gains in 2 weeks (24/06/2021 - Market Watch)
    Gold futures inch higher on Thursday, with the precious metal attempting its first back-to-back gain in two weeks, supported by some weakness in the U.S. buck.
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  20. Metals Stocks: Gold prices aim for first back-to-back gains in 2 weeks (24/06/2021 - Market Watch)
    Gold futures inch higher on Thursday, with the precious metal attempting its first back-to-back gain in two weeks, supported by some weakness in the U.S. buck.
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  21. How much gold should you have in portfolio in economic downturn? (09/06/2021 - Financial Express)
    Gold, as an asset class, is a hedge against inflation and provides diversification when equities are not doing well. It does not have cash flows like equity and debt assets. That said, historically, gold has proven to have a store of value.
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  22. Gold may move up if bond yields fall, inflation in US rises; here’s what charts suggest for MCX gold in FY22 (31/03/2021 - Financial Express)
    Precious metals, particularly gold, are highly influenced by the incidence and intensity of geopolitical instability
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  23. Gold Price Today, 31 Aug 2021: Gold jumps ahead of US jobs data; rates above 47,500 may take gold to Rs 48,000 (31/08/2021 - Financial Express)
    Gold Rate Today, Gold Price in India on 31 August 2021: Gold prices edged higher in India on Tuesday, on the back of positive global cues
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  24. Transitory inflation? (18/05/2021 - Reddit Stock Market)
    Can someone explain how inflation will be “transitory” (As J-Powell has referenced)? I can see how the exorbitant prices of raw materials will come down as global supply chain bottlenecks eventually resolve themselves, but when has a consumer business (such as a restaurant) ever taken back an increase in menu prices? I tend to side with the fed regarding the outlook on inflation in the near future. I don’t believe we will see a level of inflation that will decimate our economy and render the dollar worthless. However, I do expect higher levels of inflation than normal. And I’m not too sure about Powell’s comments that inflation is on track to mildly exceed 2%. I think it will be a bit higher than that. What do you make of Powell’s comment and what is your outlook for 2021?   submitted by   /u/HotspurN17 [link]   [comments]
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  25. Sensex beats gold by 52% in last 21 yrs; but this Akshaya Tritiya buy gold to hedge against inflation (13/05/2021 - Financial Express)
    BSE Sensex total returns have beaten gold prices by over 50% in the last 21 years. However, this still doesn’t mean that investors should not look at buying gold this Akshaya Tritiya.
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  26. Gold price today, 26 May 2021: Yellow metal rises on Wednesday; Gold may touch 50,000 if it holds above 49,000 (26/05/2021 - Financial Express)
    Gold Rate Today, Gold Price in India on 26 May 2021: Gold prices were moving higher in India on Wednesday, following global rates as investors weighed in the comments by Federal Reserve officials who sought to soothe concerns about inflation.
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  27. Where’s the gold and silver? Big money unsure about long term inflation? (15/05/2021 - Reddit Stocks)
    given the scared chicken with its head cut off state of the market the past few weeks, inflation is obviously on everyone’s mind. It’s caused a sizeable sell off as wall street rotates from tech into safer plays such as real estate and defensive plays. My question is, if big money truly thinks the fed will pull the rug and raise rates, why did they buy assets that are already inflated? Real estate is up 30 percent on average, not exactly undervalued. Why haven’t we seen inflows into gold and silver, precious metals are age old hedges against inflation/recessions yet gold, silver and gold miners are barely moving? Is the market really betting on a rug pull or are we just witnessing a classic case of panic selling on bad news?   submitted by   /u/rickylong34 [link]   [comments]
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  28. Metals Stocks: Gold prices pull back from February high as inflation fears percolate (11/05/2021 - Market Watch)
    Gold prices were seeing lackluster trade Tuesday morning, edging lower but mostly holding near the highest levels since February, amid selling of assets considered risky, including global stocks and oil.
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  29. Metals Stocks: Gold futures attempt bounce after back-to-back declines (20/07/2021 - Market Watch)
    Gold futures edge higher Tuesday after back-to-back declines as investors assess demand for the yellow metal as worries about the spread of the delta variant of the coronavirus that causes COVID-19 roil financial markets.
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  30. Sweden Consumer Inflation Expectations (25/02/2021 - Trading Economics)
    Inflation Expectations in Sweden decreased to 3.70 percent in February from 3.80 percent in January of 2021. Inflation Expectations in Sweden averaged 2.75 percent from 1986 until 2021, reaching an all time high of 7.80 percent in January of 1990 and a record low of 0 percent in September of 2014. In Sweden, inflation expectations refer to median one year ahead expected inflation rate. This page provides - Sweden Consumer Inflation Expectations- actual values, historical data, forecast, chart, statistics, economic calendar and news.
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  31. Are You Ready For Some Inflation? (19/04/2021 - INO.com)
    The latest indicators of inflation are in, and they’re starting to look a little warm – bad news if you’re a bond investor. For March, the consumer and producer price indexes showed prices rising at their highest levels in years and well above the Federal Reserve’s 2% target. The headline consumer price index jumped 2.6% […] The post Are You Ready For Some Inflation? appeared first on INO.com Trader's Blog.
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  32. Gold Price Today, 8 June 2021: Gold prices fall, but gains over 8% since March; check how to trade MCX gold (08/06/2021 - Financial Express)
    Gold Rate Today, Gold Price in India on 8 June 2021: Gold prices in India edged lower on Tuesday, on the back of muted international trends.
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  33. Gold Price Today, 1 June 2021: Gold nears Rs 50,000 on positive global cues; check support, resistance levels (01/06/2021 - Financial Express)
    Gold Rate Today, Gold Price in India on 1 June 2021: Gold and silver prices were trading higher in India on Tuesday, on the back of positive international trends, where gold surged to a near five-month high
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  34. How different forms of gold investments are taxed (24/02/2021 - Financial Express)
    People investing in gold via gold bonds will bear different tax liabilities compared to those opting to purchase physical gold. Some of the different modes of gold investments include digital gold, physical gold, derivative contracts, and paper gold.
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  35. Question about inflation and silver (04/05/2021 - Reddit Stocks)
    Saw a post today on another sub reddit that basically made the claim that inflation could actually be here sooner rather than later. There was also talk about investing in gold and silver. Last I checked though, I thought the whole silver hype, that wasn't actually hype, was done to distract from the GME stock to ease the bleeding for companies like Webull, Robinhood, and others as well as hedge funds. So what gives? All I can see when trying to research this is that Warren Buffett said some doomsday sh*t but that's it. I did some more DD on my own but it doesn't seem like there's any evidence of country wide inflation except for steel...maybe. Any answers would be appreciated. In other words should I have invested in gold when those commercials were on lol.   submitted by   /u/cbassthegreat [link]   [comments]
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  36. Question: Is now a good time to buy into Gold/Mining stocks? (14/07/2021 - Reddit Stocks)
    Hello, I am new on this subreddit and as an investor. I’m a college student with a spare chunk of change to invest. I am looking into investing in a few gold companies (barrick gold, B2gold, and ssrm primarily). Gold stocks have been down the past few months and inflation is not seemingly likely to go down anytime soon, so I thought it may be a good time to buy. I would welcome and appreciate your thoughts/suggestions.   submitted by   /u/CDogGoMan [link]   [comments]
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  37. Gold Price Today, 25 June 2021: MCX Gold steady on flat global cues; may rally if it goes above Rs 47,400 (25/06/2021 - Financial Express)
    Gold Rate Today, Gold Price in India on 25 June 2021: Gold prices were trading flat in India on Friday, as yellow metal rates remained steady ahead of US inflation data
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  38. Gold, gold miners turn red after Fed raises inflation expectations (16/06/2021 - Seeking Alpha)

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  39. So the dollar boosted out of its wedge. (04/06/2021 - Reddit Stocks)
    And SPY dropped, along with my IAG. Thoughts on the dollar and if its heading even higher, or was this a small blip and its going back down? I’m hoping for the love of gold and my miners that the dollar heads back down, I need IAG to go back to $4.50 plus before next January. Preferably in the next 2 months. Anyone else playing Gold mining stocks?   submitted by   /u/119ohms [link]   [comments]
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  40. Metals Stocks: Gold aims for back-to-back gains to start July, second half of 2021 (01/07/2021 - Market Watch)
    Gold futures edge up Thursday morning, supported by a slight pullback in the U.S. dollar from a three month high.
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  41. South Korea Consumer Inflation Expectations (01/05/2021 - Trading Economics)
    Inflation Expectations in South Korea remained unchanged at 2.10 percent in April from 2.10 percent in March of 2021. Inflation Expectations in South Korea averaged 3.10 percent from 2002 until 2021, reaching an all time high of 4.60 percent in March of 2003 and a record low of 1.60 percent in May of 2020. In South Korea, inflation expectations refer to median one year ahead expected inflation rate. This page provides - South Korea Consumer Inflation Expectations- actual values, historical data, forecast, chart, statistics, economic calendar and news.
    [visit article]
  42. Gold Price Today, 25 August 2021: MCX gold falls ahead of Fed symposium; may fall to Rs 47,100 (25/08/2021 - Financial Express)
    Gold Rate Today, Gold Price in India on 25 August 2021: Gold prices fell in India on Wednesday, on the back of weak global cues.
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  43. Economic Report: Consumer prices surge again as U.S. inflation marches higher (13/04/2021 - Market Watch)
    Consumer prices rose in March for the fourth month in a row and the pace of inflation hit the highest level in two and a half years, underscoring new pressures emerging on the economy as the U.S. recovers from the coronavirus.
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  44. Turkey Core Inflation Rate (03/03/2021 - Trading Economics)
    Core consumer prices in Turkey increased 16.21 percent in February of 2021 over the same month in the previous year. Core Inflation Rate in Turkey averaged 8.55 percent from 2004 until 2021, reaching an all time high of 24.34 percent in October of 2018 and a record low of 2.50 percent in October of 2010. In Turkey, core consumer prices measure a broad rise or fall in prices that consumers pay for a standard basket of goods, excluding volatile items such as energy, food and non-alcoholic beverages, alcoholic beverages, tobacco and gold. This page provides the latest reported value for - Turkey Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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  45. Metals Stocks: Gold price slips, on pace to notch back-to-back losses (20/04/2021 - Market Watch)
    Gold futures trade modestly lower early Tuesday, putting the precious metal on track to log only the second consecutive loss in April.
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  46. Metals Stocks: Gold price slips, on pace to notch back-to-back losses (20/04/2021 - Market Watch)
    Gold futures trade modestly lower early Tuesday, putting the precious metal on track to log only the second consecutive loss in April.
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  47. Gold prices top Rs 47,000, silver close to Rs 70,000; here’s how gold, silver on MCX may trade today (06/05/2021 - Financial Express)
    Analysts believe that the trend of gold is positive on the back of weakness in the US dollar and lower bond yields.
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  48. Gold prices recover in India, back above Rs 47,000; MCX gold to soon touch Rs 48,850 per 10 gm (16/04/2021 - Financial Express)
    Gold prices recovered in Indian markets on Friday, after closing above Rs 47,000 per 10 gram for the first time since February 23, 2021, in the previous session
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  49. S&P 500, Gold Jumps to Highs, USD Dips on US CPI (10/03/2021 - Reddit Stock Market)
    USD, CPI Price Analysis & News US CPI Matches Estimates, Core CPI Softer Than Expected USD Dips, Gold Gains, S&P 500 at Session Highs US CPI Matches Estimates, Core CPI Misses BOTTOM LINE: The headline US CPI rose in line with expectations at 1.7% for the yearly rate, while the month on month reading matched estimates of 0.4%. Meanwhile, the core figures both yearly and monthly fell short of expectations by 0.1ppts. Overall, this is a slightly softer inflation report, however, the near term outlook remains that inflation will be pushing higher due to base effects, a message that has been reiterated by the Federal Reserve who forecast temporary spikes in inflation. MARKET REACTION: In response to the slightly lower than expected core figures, price action has been relatively choppy with the greenback initially moving lower, to dip back below 92.00, while gold and US equities saw a modest bounce as US yields fell. Overall the moves are relatively contained with the figures remaining well within the range of forecasts   submitted by   /u/Jackmor4 [link]   [comments]
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