US CPI eased concerns, weakening the dollar and renewing Fed easing hopes.
On Wednesday, lower than expected data eased concerns about accelerating inflation and increased the likelihood of the Federal Reserve cutting interest rates twice this year. The US dollar index slightly weakened, briefly falling below the 109 level during trading, but then sharply rose and regained most of the losses of the day, ultimately closing down 0.07% at 109.10. The yield on US Treasury bonds has dropped significantly, with the benchmark 10-year yield closing at 4.657%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 4.266%. Gold prices continued to rise on Wednesday, closing at $2696.61 per ounce. Core inflation data in the United States was lower than expected, easing inflationary pressures and reigniting hopes that the Federal Reserve's easing cycle may not be over. US bond yields fell sharply from a nearly 14 month high, and the US dollar fell, providing upward momentum for gold prices. Although the ceasefire agreement reached in Gaza once caused gold prices to give up their gains, buying on dips helped gold prices close up 0.72%, approaching the 2700 mark. Crude oil continued to rise in the pre session of the US market, reaching a new high since July 2024. WTI crude oil surged above $79 and ultimately closed up 2.84% at $79.11 per barrel; Brent crude oil closed up 2.36% at $81.59 per barrel.
ATFX Market Outlook 10th September 2025
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