U.S CPI

U.S consumer prices fell for the first time in more than 2-1/2 years in December amid declining prices for gasoline and motor vehicles, offering hope that ...

The rent measures in the CPI tend to lag the independent gauges. Excluding the volatile food and energy components, the CPI climbed 0.3% last month after rising 0.2% in November. A separate report from the Labor Department on Thursday showed initial claims for state unemployment benefits fell 1,000 to a seasonally adjusted 205,000 for the week ended Jan. The unemployment rate is back at a five-decade low of 3.5%. The CPI rose 0.1% in November. The annual CPI peaked at 9.1% in June, which was the biggest increase since November 1981. Price pressures are subsiding as higher borrowing costs cool demand, and bottlenecks in the supply chains ease. That was the smallest rise since October 2021 and followed a 7.1% advance in November. In the 12 months through December, the CPI increased 6.5%. The cost of food consumed at home increased 0.2%. "The mountain peak of inflation is behind us but the question is how steep the downhill is," said Sung Won Sohn, finance and economics professor at Loyola Marymount University in Los Angeles. The report could allow the Federal Reserve to further scale back the pace of its interest rate increases next month.

United States consumer prices unexpectedly fell for the first time in more than 2.5 years in December amid declining prices for gasoline and other goods, ...

The consumer price index dipped 0.1 per cent last month after gaining 0.1 per cent in November, the Labor Department said on Thursday (Jan 12). Advertisement Traders also increased bets on Thursday that the Fed will deliver only one more quarter-point rate hike before stopping at a 4.75 per cent to 5 per cent range, and then will cut rates in the second half of the year.

Gold price touches a fresh multi-month high following the release of the US inflation figures. The crucial US CPI report cements bets for smaller Fed rate hikes ...

It had previously expected the shared economy to fall into a recession in the first half of the year. The US Dollar Index stays in negative territory below 103.00. US Dollar under strong selling pressure as investors price in two Fed 25 bps hikes before pausing. The author makes no representations as to the accuracy, completeness, or suitability of this information. The author has not received compensation for writing this article, other than from FXStreet. It also does not guarantee that this information is of a timely nature. This, in turn, supports prospects for a further near-term appreciating move for the Gold price, though it will be prudent to wait for a sustained strength beyond the $1,900 mark before placing fresh bullish bets. Daily Pivot Point S2 [Fed](https://www.fxstreet.com/macroeconomics/central-banks/fed) rate hikes going further. In fact, the yield on the benchmark 10-year US Treasury note languishes near a multi-week low amid rising bets for smaller The XAU/USD is currently placed just below the $1,900 mark, up over 1.0% for the day, and seems poised to appreciate further. Furthermore, core inflation, which excludes food and energy prices, edge up by 0.3% in December and fell to 5.7% on yearly basis from 6.0% in November.

The key outside markets today see the U.S. dollar index modestly lower. Nymex crude oil futures prices are higher and trading around $78.50 a barrel. Meantime, ...

First resistance is seen at this week’s high of $24.285 and then at the January high of $24.775. Next support is seen at the January low of $23.26 and then at $23.00. First support is seen at the overnight low of $1,878.20 and then at this week’s low of $1,869.30. The next downside price objective for the bears is closing prices below solid support at $22.00. First resistance is seen at today’s high of $1,902.90 and then at $1,910.60. Silver bulls' next upside price objective is closing March futures prices above solid technical resistance at $25.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at $1,800.00. Meantime, the yield on the benchmark U.S. This report falls slightly into the camp of the U.S. Bulls’ next upside price objective is to produce a close in February futures above solid resistance at $1,900.00. The key outside markets today see the U.S. [February gold](/finance/futures/details.html?j1_module=futureDetail&popup=1&j1_symbol=GCG23) [ was last up $18.20 at $1,896.50 and ](https://www.kitco.com/finance/futures/details.html?j1_module=futureDetail&popup=1&j1_symbol=GCZ22) [March silver](/finance/futures/details.html?j1_module=futureDetail&popup=1&j1_symbol=SIH23) [ was up $0.604 at $24.075.](/finance/futures/details.html?j1_module=futureDetail&popup=1&j1_symbol=SIZ22)

Gold prices pared gains after earlier jumping more than 1% to above the key $1900 per ounce pivot on Thursday after data showing signs of cooling inflation ...

Register for free to Reuters and know the full story consumer prices](/markets/us/us-consumer-prices-fall-december-weekly-jobless-claims-edge-down-2023-01-12/) grew 6.5% on an annual basis in December, in line with expectations, from a 7.1% rise last month. Core inflation was in line with expectations as well. "The expectations clearly look like at this point, we're going to see two more 25 basis point rate hikes at the next two Fed meetings," said David Meger, director of metals trading at High Ridge Futures, adding the underlying environment for gold was strong. Following the CPI report, the dollar dropped 0.4% to its lowest since early June, making gold more attractive for other currency holders. Jan 12 (Reuters) - Gold prices pared gains after earlier jumping more than 1% to above the key $1,900 per ounce pivot on Thursday after data showing signs of cooling inflation in the United States boosted bets for slower rate-hikes from the Federal Reserve ahead.

Gold prices climb on Thursday to reach fresh eight-month highs, after a closely watched reading on the U.S. consumer-price index met with expectations,...

1, “but the level of rate hikes is likely to be more modest,” said Schenker. The advance in the core rate of inflation, which omits food and energy, fell to 5.7% from 6%. The three most significant factors contributing to gold’s price strength so far this year are “China buying,” U.S. “Inflationary pressures eased significantly in December, as the trend of falling year-on-year inflationary rates continued.” So far this year, gold prices have been bolstered, in part, by a softer dollar and lower Treasury yields. “No one knows which entity is buying so aggressively and why,” Wong said. The annual rate of inflation fell for the sixth month in a row to 6.5% from 7.1% . Lower bond yields and a weakening dollar can make commodities priced in the U.S. dollar weakness, and falling U.S. consumer-price index met with expectations, signaling a further slowdown in inflation at the end of 2022. Treasury yields fell and U.S. +2.36%