XAU on PPI Data

Dec 16, 2021

Above link Provide the Data & its Reaction with the market

Dec 16, 2021

Trade closed: target reached

The Core Producer Price Index (PPI) measures the change in the selling price of goods and services sold by producers, excluding food and energy.

The PPI measures price change from the perspective of the seller.

When producers pay more for goods and services,
they are more likely to pass the higher costs to the consumer,

so PPI is thought to be a leading indicator of consumer inflation.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.