The post Gold, bonds rise ahead of CPI release as Wall Street grows resilient to Trump appeared on BitcoinEthereumNews.com.

Wall Street traders on Tuesday moved past Donald Trump’s latest trade decision and turned their attention to fresh U.S. inflation data, according to data from CNBC. U.S. stock futures were mixed in early morning trade. Contracts tied to the Dow Jones Industrial Average added 77 points, or 0.17%. Nasdaq 100 futures slipped 0.02%, while S&P 500 futures fell 0.35%. The muted moves came ahead of the July consumer price index release, a key reading that could shape expectations for the Federal Reserve’s next interest rate decision. Economists expect CPI to rise 0.2% month over month and 2.8% year over year. The core CPI, which strips out food and energy, is projected to climb 0.3% from June and 3.1% compared to July 2024. Those numbers matter because the S&P 500 is trading near an all-time high, and the Fed’s next steps on rates could hinge on whether inflation shows signs of cooling. Trump on Monday extended his 90-day pause on higher tariffs for Chinese imports. Investors did not react strongly, with the day’s focus locked firmly on inflation. Gold recovers after steep drop as traders wait for U.S. data Gold prices made slight gains on Tuesday after a sharp selloff the day before. Spot gold rose 0.2% to $3,349.13 an ounce by 09:04 GMT. U.S. gold futures for December delivery held steady at $3,398.90. On Monday, bullion fell 1.6% to its lowest in over a week, and futures slid more than 2%, after Trump confirmed there would be no tariffs on imported bullion. The CPI report is set for release at 12:30 GMT, with producer price data following on Thursday. Economists in a Reuters poll expect July’s core CPI to rise 0.3%, taking the annual rate to 3% — further above the Fed’s 2% target. Other precious metals also gained. Spot…

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Filed under: News - @ August 12, 2025 10:30 am