US Inflation Figures Announced

Consumer inflation in the US was 5 percent per year. Monthly inflation was 0.1 percent. After the data was released, gold prices rose.

In the US, monthly core inflation was 0.4 percent per month, in line with expectations. Annual core inflation increased 5.6 percent.

Economists had expected a 0.2 percent monthly increase and a 5.2 percent annual increase in inflation for March. Consumer prices in the US increased 0.4 percent monthly and 6 percent annually in February.

Core CPI, on the other hand, rose 0.5 percent in February, despite an expected 0.4 percent increase. In March, monthly core inflation was expected to be 0.4 percent.

The figures showed that ‘sticky inflation’ continued in the services sector. While policymakers closely watched the effect of the recent turmoil in the banking sector on the economy, rising inflation and a strong labor market reinforced the view that the Fed would raise interest rates at least once more and then I would wait.

GOLD RISE HARD

An ounce of gold, which was at the $2,07 level before the data was released, rallied sharply after the data was released. The ounce of gold reached the level of 2,027 dollars as of 3:35 p.m. The gold gram, on the other hand, broke the record by going up to 1259 TL.

The euro/dollar pair, which was 1.0920 before the data, rose to 1.0980 after the data was released. The dollar index, on the other hand, eased to 101.8, taking its daily decline to 0.4 percent.

Bitcoin, which was at the $30,000 level before the data, rallied to the $30,350 level.