Low impact
European markets edged up while WTI crude rose about 1.4% to $95.45 and gold fell about 0.5% to $4,137 ahead of the US CPI release, with the S&P 500 up 0.13% to 7,866 and Bitcoin up to $83,317.
InvestingLive10/14, 06:24 PM
- WTI crude oil up 1.38% to $95.45
- Gold down -0.47% to $4137
- S&P 500 up 0.13% to 7866
- US 10y Treasury yield down 1 bps to 5.20%
Figures as quoted by InvestingLive
Market impact
Which way this story pushes each asset. An inference from the story, not a measured move.
WTI
Pushes up
IntradayMedium confidence
Crude rose about 1.4% ahead of the CPI print, reflecting firmer inflation-risk pricing.
Gold
Pushes down
IntradayMedium confidence
Gold fell about 0.5% as pre-CPI positioning favored oil over the metal's inflation hedge.
What could change this
If the CPI print comes in soft, inflation concerns tied to the oil rise could quickly fade, reversing the pressure on gold.
WTI before and after this story
103.44+3.99%vs previous close
+8.21%
since this story
Measured from the price when this story was posted to the latest stored price, so it can lag the live price.
This story
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