Silver plunges 4%, gold falls below $5,170, the US releases important data, and the Federal Reserve may cut interest rates in July.

K-LinePoet · 2026-04-07T02:11:06+00:00

On the evening of March 11, the U.S. released the February CPI data showing a year-on-year increase of 2.4%, triggering a decline in gold and silver prices, with spot gold temporarily falling below $5,170. The 30-year Treasury yield rose to 4.83%, and the U.S. dollar index approached 100. U.S. stock futures generally declined, and analysts believe that the risk of a rebound in U.S. inflation pressure cannot be ruled out.

K-LinePoet

2026-04-07 02:11:06

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On the evening of March 11, after the U.S. released the February CPI, gold and silver fell. Spot gold briefly broke below $5,170, while spot silver plunged by 4%. As of 21:04, the declines had narrowed somewhat; spot gold was down 0.21% at $5,179.4 per ounce. Spot silver was down 3.4% at $85.3 per ounce.

U.S. 30-year Treasury yields rose to 4.83%, the highest level since February 10. The U.S. dollar index strengthened, pushing toward the 100 mark.

Futures for the three major U.S. stock indexes fell. Dow Jones futures were down 0.45%, Nasdaq futures were down 0.19%, and S&P 500 index futures were down 0.27%.

According to CCTV Finance and Economics, data released by the U.S. Department of Labor on the 11th showed that the U.S. consumer price index (CPI) rose 2.4% year over year in February. Excluding food and energy prices, which are more volatile, core CPI rose 2.5% year over year in February.

Analysts noted that this set of data reflects U.S. inflation levels before the military conflict in the Middle East broke out. Given that international oil prices have surged recently and the Strait of Hormuz is still under blockade, the risk of a rebound in U.S. inflation pressure cannot yet be ruled out. Even though recent nonfarm payroll data came in far below expectations, the market still expects the Federal Reserve to cut rates again only in July this year.

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