U.S. Core CPI Annual Rate Hits Nearly 5-Year Low, Spot Gold Surges Over $20 in Short Term

Odaily News The U.S. January unadjusted core CPI annual rate fell from 2.6% to 2.5%, hitting a new low since March 2021, in line with market expectations. Following the release of the CPI data, according to Gate data, spot gold surged over $20 in the short term, currently trading at $4993.65 per ounce.