The US CPI inflation data (August) showed that the US core CPI inflation m-o-m rose 0.30% versus the forecast of 0.20%, thus registering the first increase in six months, whereas the headline CPI inflation y-o-y was up 3.70% as against the forecast of 3.60%
The precious metal turned sharply lower at the end of the week as impressive US PMI data lifted the downtrodden dollar. US GDP data next week likely to provide direction