From Financial Modeling Prep: 2024-11-15 01:52:42

Gold prices have fallen to a two-month low due to a strong U.S. dollar following CPI data release, impacting its appeal as an inflation hedge. Copper prices also dropped amid economic uncertainties and weaker industrial demand, reflecting concerns about global growth.

Economic data like the CPI report influences commodities like gold and copper, with traders closely watching inflation trends and monetary policy changes. The Commodities API offers real-time updates on various commodities, aiding investors in tracking market shifts.

The future of gold and copper prices hinges on economic data, central bank policies, and global events. Continued inflation and a strong dollar may keep gold under pressure, while copper’s performance will be tied to economic growth and industrial demand trends. Monitoring these factors is crucial for informed investment decisions.



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