Gold price dropped sharply after the USD soared.
Today's gold price for spot delivery on the world market is at 2,330
The world gold price plummeted by 20 USD within half a minute after the US announced that inflation exceeded market expectations. Inflation in March increased by 0.4%, higher than 0.3% as expected. This puts the US Federal Reserve (Fed) in a "dilemma" in planning monetary policy.
The consumer price index (CPI) increased by 0.4%, bringing the increase in inflation in 12 months to 3.5%. Previously, economists surveyed by Dow Jones said the increase would be 0.3% and 3.4%, respectively.
The increase of 0.4% in March proves that inflation is still persistently high and may cause the Fed to continue delaying decisions to lower interest rates to ensure that the US economy does not fall into recession and growth returns. in a difficult world economic context.
Previously, signals showed that it was almost certain that the Fed would not raise interest rates at the May meeting and that there was only about a 50% chance of raising interest rates at the meeting on June 12.
The world gold price plummeted by 20 USD within half a minute after the US announced that inflation exceeded market expectations. Inflation in March increased by 0.4%, higher than 0.3% as expected. This puts the US Federal Reserve (Fed) in a "dilemma" in planning monetary policy.
The consumer price index (CPI) increased by 0.4%, bringing the increase in inflation in 12 months to 3.5%. Previously, economists surveyed by Dow Jones said the increase would be 0.3% and 3.4%, respectively.
The increase of 0.4% in March proves that inflation is still persistently high and may cause the Fed to continue delaying decisions to lower interest rates to ensure that the US economy does not fall into recession and growth returns. in a difficult world economic context.
Previously, signals showed that it was almost certain that the Fed would not raise interest rates at the May meeting and that there was only about a 50% chance of raising interest rates at the meeting on June 12.
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