TechFlow, September 9 — According to Jinshi Data, Commerzbank analysts said the U.S. inflation data due later this week could be crucial for gold prices. Gold futures hit a new high on Tuesday as markets anticipated Federal Reserve rate cuts amid weak employment data. Traders are awaiting the release of U.S. PPI and CPI data on Wednesday and Thursday, respectively. So far, tariff-driven price increases have been limited.
However, Thu Lan Nguyen, head of commodities research at the bank, said: "If inflation data shows a significant spike in prices, a sharp market correction is highly likely." "On the other hand, if the data turns out surprisingly weak, markets may increasingly bet on a 50-basis-point rate cut, further pushing up gold prices."
