Analyst: Rising CPI should curb the possibility of a Fed rate cut
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币界网报道："It is clear to the market that the path to a trade deal between major economies is not smooth," said Han Tan, chief market analyst at Exinity Group, on June 11. "As long as there is a risk of further escalation in global trade tensions, or even just remaining elevated for longer, gold should continue to be supported." CPI could provide investors with more guidance on the Fed's policy path. "The market is expecting a rise in CPI data, which should curb the likelihood of a Fed rate cut," added Tan. "We expect silver prices to reach $38/oz in the coming months. Market deficit considerations and a weaker dollar are key factors for prices to move higher, with the potential to test $40/oz."
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