{"id":431868,"date":"2026-06-11T03:00:10","date_gmt":"2026-06-10T20:00:10","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/06\/investinglive-americas-market-news-wrap-cpi-cant-salvage-an-ugly-day-gold-breaks-down\/"},"modified":"2026-06-11T03:00:10","modified_gmt":"2026-06-10T20:00:10","slug":"investinglive-americas-market-news-wrap-cpi-cant-salvage-an-ugly-day-gold-breaks-down","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/06\/investinglive-americas-market-news-wrap-cpi-cant-salvage-an-ugly-day-gold-breaks-down\/","title":{"rendered":"investingLive Americas market news wrap: CPI can&#8217;t salvage an ugly day, gold breaks down"},"content":{"rendered":"<div>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/news\/us-may-cpi-42-vs-42-yy-expected-20260610\/\">US May CPI +4.2% vs +4.2% y\/y expected<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/trump-we-will-be-attacking-iran-hard-20260610\/\">Trump: We will be attacking Iran &#8220;very hard&#8221;<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/hegseth-iran-would-be-unwise-to-challenge-the-us-further-20260610\/\">Hegseth: Iran would be unwise to challenge the US further<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/bank-of-canada-rate-decision-225-vs-225-expected-20260610\/\">Bank of Canada holds as expected but continues to highlight risks of oil price spillovers<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/bocs-macklem-not-a-lot-has-changed-since-last-decision-there-havent-been-big-surprises-20260610\/\">BOC&#8217;s Macklem: Not a lot has changed since last decision, there haven&#8217;t been big surprises<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/the-full-statement-and-governors-statement-from-the-bank-of-canada-rate-decision-20260610\/\">The full statement and Governors statement from the Bank of Canada rate decision<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/gold-breaks-the-march-lows-20260610\/\">Gold breaks the March lows<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/bessent-us-disrupts-procurement-networks-that-support-iran-20260610\/\">Bessent: US disrupts procurement networks that support Iran<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/us-treasury-auctions-off-39-billion-of-10-year-notes-at-a-high-yield-of-4538-20260610\/\">U.S. Treasury auctions off $39 billion of 10 year notes at a high yield of 4.538%<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/eia-weekly-us-crude-oil-inventories-7227k-vs-3974k-expected-20260610\/\">EIA weekly US crude oil inventories -7227K vs -3974K expected<\/a><\/li>\n<\/ul>\n<p>Markets:<\/p>\n<ul>\n<li>Gold down $172 to $7280<\/li>\n<li>WTI crude oil up $2.25 to $90.46<\/li>\n<li>S&amp;P 500 down 1.5%<\/li>\n<li>Nasdaq Comp down 1.8%<\/li>\n<li>US 10-year yields up 1.4 bps to 4.54%<\/li>\n<li>EUR leads, AUD lags<\/li>\n<\/ul>\n<p>Buy-the-dips has suddenly turned to sell-the-rips. There was something of a see-saw in the early going as the S&amp;P 500 erased a 45 point decline after CPI. The numbers were in-line and that led to a sigh of relief. But didn&#8217;t last as Trump talked about hitting Iran &#8220;very hard&#8221; today (we&#8217;re still waiting for that) and tech stocks struggled ahead of the SpaceX IPO on Friday. Nvidia was down 3.3% and Tesla down 3.7%.<\/p>\n<p>The selling wasn&#8217;t limited to tech as some stronger real economy shares reversed, including a 6.2% drop in Caterpillar along with declines in automakers and financials. Energy and consumer staples were among the winners. The 4% decline over four days is the worst such stretch since the post-Liberation Day fiasco in April 2025.<\/p>\n<p>In FX, the US dollar dipped after CPI but the reaction was mostly contained and then slowly faded. The euro managed to battle the US dollar to a standstill despite the poor backdrop and that might offer the bulls some comfort.<\/p>\n<p>In contrast, gold looks like it&#8217;s breaking down. It sank $172 and, critically, broke the March low and fell to the worst levels since November. In a rare shift, gold underperformed silver.<\/p>\n<p>There is some late talk about mediators trying to halt an escalation between the US and Iran. There may be a window for that as Trump continues to try to find a way out of this war as his polling numbers slide. He also had something of a gaffe today as he said &#8220;I love the inflation.&#8221;<\/p>\n<p>                            This article was written by Adam Button at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>US May CPI +4.2% vs +4.2% y\/y expected Trump: We will be attacking Iran &#8220;very hard&#8221; Hegseth: Iran would be unwise to challenge the US further Bank of Canada holds as expected but continues to highlight risks of oil price spillovers BOC&#8217;s Macklem: Not a lot has changed since last decision, there haven&#8217;t been big [&hellip;]<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-431868","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/431868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=431868"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/431868\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=431868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=431868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=431868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}