Hot US CPI and Waller hike signal jolt rates and metals
A hotter-than-expected US CPI print and a Fed governor's support for a December hike sent gold and silver sharply lower on Tuesday and pushed Treasury yields up, though metals have since bounced.
What we know
A commodities strategist notes gold fell about 2% toward $4,000 after the hot CPI report, which followed Fed Governor Waller backing a 25-basis-point December rate hike without ruling out 50bp. A Saxo market note says US Treasury yields ripped higher. Traders say silver has returned to its pre-CPI price. Unconfirmed by us beyond these posts.
What people are posting
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“Gold rebounds after Tuesday's sharp selloff... following a hotter-than-expected US CPI report”
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View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.