Gold prices steady after inflation data showed a slower rise in consumer prices, easing worries about aggressive rate hikes and keeping investors confident in gold as a stable safe-haven asset.
The US inflation outlook remains a key concern as core producer prices rise more than expected, prompting cautious market sentiment and renewed worries about prolonged Federal Reserve tightening. Investors are closely watching for clearer inflation trends amid ongoing volatility.
Treasury yields climb sharply as inflation stays stubbornly high, sparking fresh bets on more Fed rate hikes and shaking up both bond and stock markets. Investors are bracing for a volatile ride ahead as the Fed signals a tougher stance on borrowing costs.