Spot Gold Surges Over $20 on Short Covering, U.S. Core CPI Hits Near 5-Year Low

BlockBeats News, February 13th. After the CPI data was released, spot gold quickly rose more than $20, currently trading at $1,993.65 per ounce.

In the US, the January seasonally adjusted core CPI year-on-year rate fell from 2.6% to 2.5%, hitting a new low since March 2021, in line with market expectations.

In the US, the January seasonally adjusted CPI year-on-year rate fell from 2.7% to 2.4%, hitting a new low since May 2025, with the market's expected value at 2.5%.

S&P 500 Index and Nasdaq 100 Index futures turned upward. US Treasury yields extended their decline after the CPI data was released; the 10-year yield fell by 3.3 basis points to 4.071%.

Correction/Report

RelatedRecommended

Will the Fed raise rates next week? Tonight's CPI may seal the deal.

Core CPI at 0.2% month-over-month means the Fed stays put, while 0.3% triggers a rate hike.

Kalshi First Research Report: When Predicting CPI, Crowd Wisdom Beats Wall Street Analysts

SignalPlus Macro Research Report: CPI lower than expected, US securities and stocks experience a 'comprehensive' rebound.

Tonight's US CPI, or a blow to September rate hike expectations?

The current interest rate hike probability is around 50%, with benign inflation data potentially prompting a wait-and-see approach. However, the hawkish stance still introduces uncertainty into the future policy outlook.

CPI and AI Earnings Set Market Pace: This Week's Hot Assets Outlook | WEEX VIP Weekly Report (November 2–8, 2026)

On-Chain Activity