Analyst: Rising CPI should curb the possibility of a Fed rate cut

Odaily Planet Daily News Exinity Group Chief Market Analyst Han Tan said: "The market is clear that the road to a trade agreement between major economies is not smooth. As long as there is a risk of further escalation of global trade tensions, or even just remaining high for a longer period of time, gold should continue to be supported." CPI may provide investors with more guidance on the Fed's policy path. "The market expects CPI data to rise, which should curb the possibility of the Fed cutting interest rates." Tan added. "We expect silver prices to reach $38/ounce in the coming months. Market deficit considerations and a weaker dollar are key factors for further price increases, with the possibility of testing $40/ounce." (Jinshi)