Trial now

$8B Debt Issuance to Price, $3B Egypt 3Pt Leads


Sharp Retracement


NY Fed Weekly Economic Index (WEI)


JP Morgan Take on FOMC DOTs

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

The softer than expected U.S. CPI print (and related perceptions surrounding the knock-on impact for Fed monetary policy settings) allowed gold to recover from worst levels of the day on Tuesday, with our weighted U.S. real yield monitor ultimately finishing little changed on the day. The same held true for the broader USD (as measured by the DXY), despite a brief round of USD weakness post-CPI, which was subsequently unwound. The technical overlay remains as it was, with spot last dealing at virtually unchanged levels just shy of $1,805/oz.