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NEW YORK SPOT METAL PRICES

February 13, 2024

Both equities and metals markets are getting slammed Tuesday after CPI data showed inflation remained stubbornly high in January with both CPI and core CPI coming in hotter than expected. The data gives credence to the Fed’s projected guidance of waiting well into the second half of 2024 to begin cutting rates. Gold slipped below $2,000 to hit a 2-month low and the Dow is down 500 points, on pace for its worst day of 2024.

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