US October CPI May Reinforce Rate-Hike Expectations, Pressuring Gold at 4000

According to TechFlow, on November 7, citing Jin10 Data, the US October CPI is set to be released. The article said the data may cement expectations for a Federal Reserve rate hike in December and put renewed pressure on the $4000 defense line for gold prices.

The article also noted that turbulence in AI trading could become a market wildcard, US-Russia-Ukraine talks resumed after several months, and whether US stocks have already hit their year-to-date high remains to be seen.

Source: TechFlow