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(Kitco News) - Hotter-than-expected consumer prices have put an October rate hike back in play, pushing real bond yields higher and dragging gold prices below a critical near-term support level.
Chronology
Spot gold slips 1.5% as hot CPI report boosts Fed October rate hike expectations
(Kitco News) - Hotter-than-expected consumer prices have put an October rate hike back in play, pushing real bond yields higher and dragging gold prices below a critical near-term support level.
Reduced historical snapshot.
Earlier on MacroDigest
- Spot gold slips 1.5% as hot CPI report boosts Fed October rate hike expectations
- Gold drops below $4,100 as US inflation fuels rate hike bets
- Gold drops below $4,100 as US inflation fuels rate hike bets
- Gold drops below $4,100 as US inflation fuels rate hike bets
- Gold stems further decline as markets factor in future rate hikes post US Fed remarks
- Gold eases on firm dollar; spotlight on US inflation data
- Gold Holds Drop as Middle East Fighting Stokes Inflation Fears
- Gold Holds Drop as Middle East Fighting Stokes Inflation Fears
- Gold Holds Drop as Middle East Fighting Stokes Inflation Fears
- Gold Holds Drop as Middle East Fighting Stokes Inflation Fears
- Gold rises as a softer dollar and oil support prices before US inflation data
- Gold prices struggle to hold early gains as U.S. dollar nears 18-month high, bond yields remain elevated
- Gold gains on weaker oil, dollar; US inflation data in focus
- Gold gains on weaker oil, dollar; US inflation data in focus
- Gold gains on weaker oil, dollar; US inflation data in focus
- Gold gains on weaker oil, dollar; US inflation data in focus
- Gold Steadies as Stronger Dollar and Yields Weigh on Rate Path
- Gold Steadies as Stronger Dollar and Yields Weigh on Rate Path
- Gold price suffers under oil, yield pressures, Mexico’s silver production weakens in July – Heraeus
- Gold on track for monthly decline as investors brace for US inflation data