It’s been a quiet start to the week in the financial markets, as the attention remains focused on Wednesday’s CPI report. Which will be the last one before the Federal Reserve’s July meeting.
The expectation is that the CPI figure will come in lower this month, although the markets are pricing in that the Fed will still hike interest rates another 25 basis points in 2 weeks. There’s also a PPI (producer price index) report on deck for Thursday, and gold, silver, and stocks are largely flat ahead of the announcements.
In today’s video, we look at some of the recent price movement and data and consider whether the selloff in the metals might be largely over. As well as what we might be able to expect from this month’s government inflation reports, and what that means in the overall picture.
So to find out more, click to watch this video now!