Gold, S&P 500 Hit Records Ahead of US CPI Data; Yen Weak, NZD Strong
Date: 2025-09-12
Markets pushed higher yesterday. Gold surged to a record just above $3,674 per ounce. The S&P 500 also posted a fresh all-time high. Investors now await US Consumer Price Index (CPI) data today.
Analysts expect the month-on-month CPI rise to drop from 0.9% to 0.3%. A softer inflation reading should boost hopes for Federal Reserve rate cuts. Markets are pricing in three 25 bps cuts before the end of 2025.
Precious metals remain under strong bullish pressure. Gold outpaced silver this week. Silver trades below $41 per ounce, while gold continues pushing upwards.
In equities, the S&P 500 and the Nasdaq 100 trade near all-time highs. Weak US labour data has reinforced expectations the Fed will ease.
In currencies, the New Zealand Dollar emerged as the strongest major currency since the Tokyo open. The Japanese Yen lagged as growth concerns and interest-rate differentials weigh on its outlook.
Why This Matters
- Inflation data will likely drive volatility.
- Rate-cut expectations fuel risk-assets and gold.
- Weak Yen offers opportunities for traders who diversify.
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