Gold prices rose after weaker-than-expected PPI data, but potential decline if CPI rises

From Investing.com: 2025-01-15 02:29:00

Gold prices rose by 0.53% following weaker-than-expected US Producer Price Index data, weakening the USD and supporting precious metals. Analysts await the Consumer Price Index report to gauge the Fed’s monetary policy plans. A higher CPI figure could lead to a decline in gold prices, while a lower figure may extend the bullish trend.

The euro climbed 0.61% against the USD after US PPI data, with EUR/USD targeting the 1.03800 level. Traders remain cautious ahead of the US CPI report later today, as the threat of tariffs and Treasury yields affect market sentiment.

The Australian dollar increased by 0.28% after lower US PPI data kept the USD stable. Traders are hopeful for the US core CPI figures, with potential impacts on the USD and AUD/USD pair. The RBA may lower interest rates this year, depending on inflation and spending trends.



Read more at Investing.com: Gold Shines on Cooler PPI, CPI Eyed Next