Gold prices rally as weaker-than-expected U.S. CPI figures lead to a sharp drop in nominal yields and the U.S. dollar. Meanwhile, EUR/USD soars past technical resistance, reaching its best level since March 2022.

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The Bank of Canada raised interest rates by 25 basis points to 5.00% and indicated that progress on the inflation front will slow going forward, a sign that the tightening cycle may not yet be over.

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US inflation fell more than expected with headline and core beating estimates. This may be a sign that the Fed are winning the fight but unlikely to deter the Central Bank from a hike at its upcoming meeting.

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The Pound continues to garner strong support from the view that UK interest rates have much further to rise

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Inflation expectations point to sustained higher prices to claw back losses at an impressive rate as signs of demand driven inflation and sustained wage growth Inflation expectations point to sustained higher prices to claw back losses at an impressive rate as signs of demand driven inflation and sustained wage growth

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