Gold prices fell, silver prices plummeted! The reason was found→

On October 14, local time, the three major U.S. stock indexes collectively closed down, while the three major European stock indexes closed up across the board. The U.S. Consumer Price Index (CPI) rose by 3.7% year-on-year in September, and the core CPI rose by 2.6% year-on-year. Both indicators were higher than market expectations. Multiple geopolitical risk factors have driven up international oil prices. U.S. inflation data pushed up expectations of the Federal Reserve raising interest rates, and the U.S. dollar and U.S. bond yields rose, suppressing precious metal prices. International gold and silver prices fell, and silver prices fell by more than 6%.

International gold and silver prices fell on the 14th, and silver prices fell by more than 6%

U.S. inflation data boosted expectations for a rate hike by the Federal Reserve, and the U.S. dollar and U.S. bond yields rose, suppressing precious metal prices. The price of gold futures for December delivery on the New York Mercantile Exchange fell 1.66% on October 14, closing at US$4,107.90 per ounce; the price of silver futures for December delivery fell sharply by 6.13%, to US$55.877 per ounce.

The three major U.S. stock indexes fell collectively on the 14th, with the Nasdaq falling nearly 2%

On October 14th, U.S. time, the latest U.S. CPI data for September was higher than market expectations. Expectations for the Federal Reserve to raise interest rates increased. Higher U.S. bond yields suppressed risky assets. The three major U.S. stock indexes collectively closed down, with the technology sector leading the decline. As of the close, the Dow fell 0.09%, the S&P 500 fell 1.11%, and the Nasdaq fell 1.88%. The Philadelphia Semiconductor Index fell sharply 4.3%.

Bank of America's third-quarter earnings report fell short of expectations; its stock price fell sharply by nearly 5% on the 14th

Following the release of financial reports by major Wall Street banks such as JPMorgan Chase and Citibank, Bank of America also released its latest financial report on October 14. Data showed that the bank's revenue in the third quarter of this year was US$30 billion, failing to meet analysts' consensus expectations. Revenue from its stock and fixed-income trading businesses was sluggish, and it was fined more than $1.2 billion for anti-money laundering violations. Its performance was under pressure, and its stock price fell sharply by nearly 5% on October 14.

U.S. CPI in September exceeds expectations, the probability of the Fed raising interest rates in October increases significantly

Data released by the U.S. Bureau of Labor Statistics on October 14 showed that the U.S. Consumer Price Index (CPI) rose by 3.7% year-on-year in September, and the core CPI rose by 2.6% year-on-year. Both indicators were higher than market expectations. Rising energy prices are an important factor driving up overall inflation. After the data was released, the U.S. dollar index rose by about 30 points in the short term, and the U.S. 10-year Treasury bond yield rose simultaneously. CME Group's "Fed Watch" tool shows that market participants have raised the probability of the Federal Reserve raising interest rates by 25 basis points this month to close to 50%, and it is expected that the Federal Reserve may raise interest rates a total of three times by the end of 2027. In addition, Federal Reserve Chairman Warsh will deliver a public speech on the evening of October 15th, U.S. time, and the market will pay close attention to his statement.

All three major European stock indexes closed higher on the 14th

Investors weighed the spillover effects of U.S. inflation data while continuing to digest corporate earnings reports. All three major European stock indexes closed higher on October 14. As of the close, Britain's FTSE 100 index rose 0.70%; France's CAC40 index rose 0.58%; Germany's DAX index rose 0.15%.

International oil prices rose on the 14th, and U.S. oil rose more than 1%

A new round of conflict between the Saudi-led multinational coalition and the Houthi armed forces, coupled with geo-risk factors such as increased attacks on ships in the Strait of Hormuz, has pushed up international oil prices. As of the close of trading on October 14, the price of light crude oil futures for November delivery on the New York Mercantile Exchange closed at US$95.09 per barrel, an increase of 1.01%; the price of London Brent crude oil futures for December delivery closed at US$106.06 per barrel, an increase of 0.35%.

▌Source of this article: CCTV Finance (ID: cctvyscj)