Spot Gold Surges Over $20 on Short Covering, U.S. Core CPI Hits Near 5-Year Low
BlockBeats News, February 13th. After the CPI data was released, spot gold quickly rose more than $20, currently trading at $1,993.65 per ounce.
In the US, the January seasonally adjusted core CPI year-on-year rate fell from 2.6% to 2.5%, hitting a new low since March 2021, in line with market expectations.
In the US, the January seasonally adjusted CPI year-on-year rate fell from 2.7% to 2.4%, hitting a new low since May 2025, with the market's expected value at 2.5%.
S&P 500 Index and Nasdaq 100 Index futures turned upward. US Treasury yields extended their decline after the CPI data was released; the 10-year yield fell by 3.3 basis points to 4.071%.
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