US May non seasonally adjusted core CPI annual rate records 2.9% spot gold short-term rise

The seasonally adjusted core CPI for May in the United States recorded an annual rate of 0.029, reaching a new high since September 2025. Spot gold rose by about $20 in the short term, to $4166.85 per ounce. (Golden Ten) AI interpretation: Core inflation data rebounded beyond expectations, directly breaking the market's optimistic expectation of sustained inflation decline. This performance highlights the stubborn price pressure within the US economy, forcing the Federal Reserve to maintain a tight monetary policy. The market's aggressive bet on the pace of interest rate cuts has been hit hard, with funds flowing into safe haven assets to cope with policy uncertainty. This data has completely changed the expected path of short-term interest rates and strengthened the market consensus of a long-term high interest rate environment.