US Inflation Figures Announced

The US March consumer inflation remained below expectations and stood at 5 on an annual basis. The monthly inflation rate was 0.1 percent.

Consumer inflation in the US was 5 percent on an annual basis. Monthly inflation was 0.1 percent. After the data was released, gold prices rose.

In the US, monthly core inflation was 0.4 percent monthly, in line with expectations. Annual core inflation increased by 5.6 percent.

Economists had expected 0.2 percent monthly and 5.2 percent annual increases in inflation for March. Consumer prices in the US increased by 0.4 percent monthly and 6 percent annually in February.

Core CPI, on the other hand, increased by 0.5 percent in February, despite the 0.4 percent increase expected. In March, monthly core inflation was expected to be 0.4 percent.

The figures showed that 'sticky inflation' continued in the services sector. While the effect of the recent turmoil in the banking sector on the economy was closely followed by policy makers, the increase in inflation and the strong employment market strengthened the view that the Fed would raise interest rates at least once more and then wait.

GOLD RISE HARD

The ounce of gold, which was at the level of 2 thousand 7 dollars before the data was announced, rose sharply after the data was announced. An ounce of gold reached the level of 2 thousand 27 dollars as of 15.35 hours. Gram gold, on the other hand, broke the record by rising to 1259 TL.

Euro /Dollar parity, which was 1.0920 before the data, rose to 1.0980 after the data was announced. The dollar index, on the other hand, decreased to 101.8 by carrying its daily decline to 0.4 percent.

Bitcoin, which was at the level of 30 thousand dollars before the data, rose to the level of 30 thousand 350 dollars.