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Gold futures decline following hot PPI data despite dovish Fed expectations
Market participants entered Thursday with heightened expectations following this week's encouraging Consumer Price Index data, which had rekindled optimism for monetary policy easing in the latter half of 2025. However, the Producer Price Index release delivered a sobering reminder that inflationary pressures remain persistent at the wholesale level, creating ripple effects across commodity markets and challenging the prevailing narrative of imminent rate cuts. Inflation Data Delivers Unwelcome Surprise: The U.S. Bureau of Labor Statistics reported that the Producer Price Index for final demand surged 0.9 percent in ... (full story)