US October CPI May Bolster Rate Hike Expectations, Gold at $4,000 Under Pressure

on November 7, according to Jinshi Data, the US October CPI is set to be released. The article indicates this data may validate expectations for a December rate hike by the Federal Reserve, placing renewed pressure on the $4,000 gold defense line.

The article also notes that turbulence in AI trading could become a wildcard in the markets. With US-Russia-Ukraine negotiations resuming after several months, whether the US stock market has already reached its annual peak remains to be seen.