Inflation rate rose in the United States during the month of April, According to the US Bureau of Labor Statistics on Wednesday, It rose 8.3% year-on-year, near its highest level in nearly 40 years.
The rate for April came in above Dow Jones’ expectations of 8.1%.
Core CPI rose 6.2%. Compared to expectations for an increase of 6%.
The US dollar index rose after the release of inflation data. to the top of 104 after falling to levels of 103.5 at the beginning of the European round, It is now trading at 104.002 with a marginal increase of 0.06%.
The US Treasury yields continue to fall by 1.44%, to record their worst level in a week at 2.95%.
As for gold, it is retreating strongly, losing what it gained before the release of the data, to fall from the levels of 1950 dollars an ounce to 1841.7 dollars an ounce now. While gold contracts recorded $ 1840.3 an ounce, down 0.06%.
