{"id":72080,"date":"2022-09-13T21:24:20","date_gmt":"2022-09-13T17:24:20","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=72080"},"modified":"2022-09-13T21:33:42","modified_gmt":"2022-09-13T17:33:42","slug":"gold-prices-touch-session-lows-on-us-cpi-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-prices-touch-session-lows-on-us-cpi-data\/09\/13\/market-updates\/","title":{"rendered":"Gold prices touch session lows on US CPI Data"},"content":{"rendered":"\n<p>The gold market has dropped like a stone into negative territory after the US inflation pressure rose more than expected.<br><br>Tuesday, the U.S. Labour Department said its much-anticipated Consumer Price Index rose 0.1% in August after an unchanged reading in July. Economists were looking for a drop of 0.1%. The report said that annual inflation rose 8.3% last month. Economists were expecting to see a rise of 8.1%.<br><br>Core CPI, which strips out volatile food and energy prices, rose sharply by 0.6% last month. According to consensus estimates, economists were looking for a 0.3% rise. For the year, core inflation is up 6.3%.<br><br>The gold market has seen a significant reaction to the latest inflation numbers, giving up all its overnight gains. December gold futures last traded at $1,723.90 an ounce, down nearly 1% on the day. At the time of writing gold trades at $1705.30 per ounce, with hardly any momentum to rebound.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The gold market has dropped like a stone into negative territory after the US inflation pressure rose more than expected.Tuesday, the U.S. Labour Department said its much-anticipated Consumer Price Index rose 0.1% in August after an unchanged reading in July. Economists were looking for a drop of 0.1%. The report said that annual inflation rose &hellip;<\/p>\n","protected":false},"author":13,"featured_media":71340,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,36],"tags":[6978,6874],"class_list":["post-72080","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-cpi","tag-gold"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/72080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=72080"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/72080\/revisions"}],"predecessor-version":[{"id":72086,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/72080\/revisions\/72086"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/71340"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=72080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=72080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=72080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}