US PPI Beats Forecast, Gold Drops Below $4900 and Bitcoin Slides

Fresh inflation data from the United States showed stronger than expected producer prices, impacting both currency and crypto markets. Core PPI month-over-month came in at 0.5%, above the 0.3% forecast, though lower than the previous 0.8%. Headline PPI also exceeded expectations, rising 0.7% against a 0.3% forecast and 0.5% prior reading.

Dollar Strength and Gold Decline

The higher-than-expected PPI data supported the US Dollar, reflecting persistent inflationary pressure at the producer level. As a result, gold faced selling pressure, dropping below the 4900 level as stronger dollar conditions weighed on demand.

Bitcoin Falls Below Key Level

Bitcoin also reacted negatively, slipping below $72,500. The combined effect of rising inflation signals and dollar strength reduced risk appetite, pushing both traditional and digital assets lower in the short term.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.