$GOLD and $SILVER volatility has come down meaningfully over the past few sessions. Still elevated by historical standards, but well off the late-January extremes when price swings were getting truly disorderly.

US CPI is out Friday morning. There’s increasing chatter around a bull steepener, driven primarily by a rally in the short end. Notably, the US 2-year is sitting right at the bottom of the range that’s been in play since mid-2022.

If inflation prints softer, that narrative likely gets a lot more fuel.

$PAXG $XRP $BNB

#Markets #Trading #EconomicData #Inflation

PAXG
PAXG
5,007
+1.59%
XRP
XRP
1.4153
-4.84%
BNB
BNB
606.91
-2.60%