Slightly positive for gold and silver

1. The CPI rose approximately 2.4% year-over-year, lower than the market expectation of around 2.5%, indicating that inflation remains in a moderate phase.

• It increased by about 0.2% month-over-month, also below the expected rise of approximately 0.3%.

• Core CPI (excluding food and energy) was up approximately 2.5% year-over-year, in line with expectations, and rose by about 0.3% month-over-month.

👉 This indicates that inflationary pressures have not accelerated suddenly but are slightly below expectations, supporting the view that inflation is cooling.

📈 2) Initial market reaction

• US stock index futures saw slight pressure or volatility:

• Both S&P 500 and Dow futures edged lower (with more noticeable fluctuations in the Nasdaq).

• Market expectations for future rate cuts were supported.

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