Or / Dollar AméricainMis à jour World gold increased sharply after CPI news
Gold prices edged higher on Thursday after US CPI data fell more sharply than expected in June, boosting hopes of a September interest rate cut from the Federal Reserve.
The consumer price index (CPI) fell -0.1% last month after reaching 0.0% in May, the US Bureau of Labor Statistics said on Thursday. Latest inflation data good than expected, as economists were expecting a 0.1% increase.
Over the past 12 months, headline inflation rose 3.0%, below expectations of 3.1% and slower than May's 3.3%, the report said. Core CPI, excluding food prices and volatile energy, up 0.1%, better than expectations of 0.2% and May's 0.2% gain.
The report also said annual core inflation rose 3.3% in June, also better than expectations and the previous month's 3.4% increase.
The consumer price index (CPI) fell -0.1% last month after reaching 0.0% in May, the US Bureau of Labor Statistics said on Thursday. Latest inflation data good than expected, as economists were expecting a 0.1% increase.
Over the past 12 months, headline inflation rose 3.0%, below expectations of 3.1% and slower than May's 3.3%, the report said. Core CPI, excluding food prices and volatile energy, up 0.1%, better than expectations of 0.2% and May's 0.2% gain.
The report also said annual core inflation rose 3.3% in June, also better than expectations and the previous month's 3.4% increase.
Note
SELLL XAU 2412TP2: 2405
TP2: 2400
SL: 2420
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