Consumer price index (CPI) is a macroeconomic indicator that reflects the changes in the price levels of consumer goods and services generally purchased by households. Its change rate reflects the degree of inflation or deflation to some extent. Nowadays, the Fed is trying to stabilize prices, even at the expense of the job market to reduce inflation, which also explains the importance of every inflation data.

In the third week of each month, the US Department of Labor released the CPI data of last month. Simply put, if the CPI in the United States is too high, it is possible to raise interest rates, which is beneficial to the US dollar and unfavorable to gold and silver. On the contrary, if the CPI in the United States is too low, there will be room to cut interest rates, which is bad for the dollar and good for gold and silver.

Preview: The US CPI index was announced at 20:30 in September, and the gold market is on the verge!

10 June 20:30 13 (tonight) The market will welcome the CPI data of the United States in September. In view of the lackluster market response to non-agricultural employment data last week, and the sharp market fluctuation caused by the first two CPI data releases, the upcoming September CPI data can be described as "decisive". The gold and silver trading class of Giant Elephant Gold Industry X Gold Top Ten Data continues to broadcast. Log in to Giant Elephant official website to watch the trading plan of Golden Ten VIP column for free &; The gold and silver report, as well as the exclusive market strategies in Asia, Europe and America released by authoritative experts in the industry all the time, will help you ride the gold market and play the big data market!