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

Odaily News Han Tan, chief market analyst at Exinity Group, said: "The market is well aware that the road to a trade deal between major economies is not smooth. As long as there is a risk of further escalation in global trade tensions, or even just remaining elevated 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 a Fed rate cut." 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)