Last night US CPI data did not surprise so no movement in gold price.
interesting thing is 2Y and 10Y yields fell. This means the bond markets anticipates lower rates are coming and this will be good for gold.
And the bond market is right most of the time. Considering many US citizens just started repaying their student loans, many analysts expect lower retail sales in the US. Add to that the problems in the commercial real estate, there is good chance the job market to finally give in.
will be interesting if jobs start to break before Christmas. This will be the start of the next leg up for gold that will lead to prices unseen before.
but if jobs hold then anything's possible - too hard to know how gold will respond.
Last night US CPI data did not surprise so no movement in gold...
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