10.06.2026 15:50
Inflation data announced in the US came in line with market expectations. Annual CPI was realized at 4.2 percent, while core inflation was 2.9 percent. Following the data, a limited rise was observed in gold prices, with the gram gold trading at 6,190 liras as of 15:40. Markets are now focused on possible steps regarding the Fed's interest rate policy.
US inflation data, eagerly awaited by global markets, has been released. After the data, which largely came in line with expectations, a slight upward movement was observed in gold prices.
- Annual consumer inflation (CPI) in the US was announced at 4.2%, matching market expectations. The previous figure was recorded at 3.8%. On a monthly basis, CPI rose by 0.5%, also in line with expectations.
- Core inflation data, excluding food and energy prices, also came in parallel with expectations. Annual core CPI was announced at 2.9%, while monthly core CPI increased by 0.2%. Monthly core inflation falling below expectations was one of the notable details in the markets.
- The consumer price index is among the most important economic indicators measuring inflation trends and changes in consumers' purchasing power in the US. The data is also closely monitored for the US Federal Reserve's (Fed) monetary policy decisions.
STIRRING IN GOLD PRICES
After the inflation figures were announced, gold prices, which had been on a downward trend, experienced a limited recovery. As of 15:40, gram gold was trading at 6,190 lira.
NOW EYES ON THE FED'S INTEREST RATE DECISION
Markets have now turned their attention to the potential impact of the announced data on the Fed's interest rate policy. Especially the upcoming economic data will be decisive for the direction of gold and other investment instruments.
TRADITIONAL RELATIONSHIP BROKEN
Another notable development in the markets recently is that oil and gold prices have started moving in the same direction. Under normal circumstances, when oil prices rise, gold is expected to decline, but in recent days, sales in both commodity groups have accelerated. The barrel price of Brent crude oil, which rose at the beginning of the week due to geopolitical developments, has recently declined again to lower levels. Experts indicate that widespread sales in the commodity market are also putting pressure on oil prices.
INVESTORS GO INTO WAIT-AND-SEE MODE
It is stated that global investors are staying away from risky assets to see clearer signals regarding central banks' interest rate policies. Therefore, while volatile and weak trends stand out in stock markets, commodity markets, and cryptocurrencies, an increase in short-term and cautious positioning is observed in the markets. According to experts, high volatility is expected to continue in global markets for the rest of the year, and investors are expected to remain cautious.