🔤🔤 U.S. Economic Data Release Breakdown

- Core CPI m/m: 0.3% (in line with forecast, steady inflation pressure).

- CPI m/m: 0.4% (higher than 0.3% expected → inflation still sticky).

- CPI y/y: 2.9% (in line, stable but not easing further).

- Unemployment Claims: 263K (higher than 235K expected → weaker labor market).

⚡️ Market Takeaway:

- The higher CPI m/m signals persistent inflation, which keeps the Federal Reserve cautious about rate cuts. Normally, this strengthens the USD and pressures Gold (XAU/USD).

- But here’s the twist – the jobless claims spiking to 263K shows weakness in the labor market, balancing out the hawkish inflation print. This creates mixed sentiment:

- Strong inflation = bearish for gold (hawkish Fed).

- Weak jobs data = bullish for gold (Fed may not hike aggressively).

📈 Impact on Gold (XAU/USD):

- Expect increased volatility. Gold could see a short-term dip as inflation sparks USD strength, but then rebound on labor market weakness. Smart traders will look to Scalp within liquidity zones, waiting for market confirmation before heavy positioning.