May 12 Tonight's Latest Major Gold News



1. Core Data That Has Been Released (20:30 CPI, bearish for gold)

- U.S. April CPI Year-over-Year: 3.8% (expected 3.7%, previous 3.3%)

- Core CPI Year-over-Year: 2.8% (expected 2.7%, previous 2.6%)

- Interpretation: Inflation has broadly exceeded expectations and rebounded, significantly delaying the Fed's rate cut expectations, causing the dollar and U.S. Treasury yields to rise, with spot gold plunging in the short term, facing short-term downward pressure.
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