Analyst: The rise in CPI should curb the possibility of the Federal Reserve cutting interest rates

Odaily Planet Daily News: Han Tan, Chief Market Analyst of Exinity Group, said, "The market is very clear that the road to reaching trade agreements between major economies is not smooth sailing. As long as there is a risk of further escalation of global trade tensions, or even just maintaining high levels for a longer period of time, gold should continue to receive support." CPI may provide investors with more guidance on the Federal Reserve's policy path. The market expects CPI data to rise, which should curb the possibility of the Federal Reserve cutting interest rates. ”Tan added. We expect silver prices to reach $38 per ounce in the coming months. Market deficit considerations and a weaker US dollar are key factors for further price increases, and may test $40 per ounce