Geopolitics Alpha

US September PCE Inflation Rises to 3.6%, Gold Drops Below $4,000, Bitcoin Falls Below $77,000

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US September PCE Inflation Rises to 3.6%, Gold Drops Below $4,000, Bitcoin Falls Below $77,000

TradingKey - On October 30, gold (XAUUSD) and Bitcoin (BTC) remained under pressure. U.S. PCE inflation data for September showed year-on-year increases in both headline and core inflation. Coupled with the Federal Reserve holding interest rates steady while delivering a hawkish

Directly affected

  • No company is named in this report.

Indirectly affected

  • TIP iShares TIPS Bond ETF-0.5% 30d

    iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.

  • XLP Consumer Staples Select Sector SPDR-3.2% 15d

    Consumer Staples Select Sector SPDR: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.

  • GLD SPDR Gold Shares-3.7% 30d

    SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story.

  • IBIT iShares Bitcoin Trust-11.5% 30d

    iShares Bitcoin Trust: it follows bitcoin. Linked by “bitcoin” (crypto) in this story.

  • WMT Walmart+14.9% 30d

    Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

  • COST Costco Wholesale+12.7% 30d

    Costco Wholesale (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

  • PG The Procter & Gamble+10.2% 30d

    The Procter & Gamble (soap, detergents, cleang preparations, perfumes, cosmetics): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

  • KO The Coca-Cola+8.0% 30d

    The Coca-Cola (beverages): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
TIPNo price data for this ticker———————
XLPNo price data for this ticker———————
GLDNo price data for this ticker———————
IBIT+0.53%-0.04%base-5.14%-5.03%after closeafter close
WMTNo price data for this ticker———————
COSTNo price data for this ticker———————
PGNo price data for this ticker———————
KONo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

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US September PCE Inflation Rises to 3.6%, Gold Drops Below $4,000, Bitcoin Falls Below $77,000 TradingKey

Source: TradingKey

This story

CompanyWhenMoveStatus
IBITthat day-5.14%final price
IBITthe next day-5.03%final price
IBITthree days earlier-0.04%final price
IBITfive days earlier+0.53%final price

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This story

12 out of 100

“US September PCE Inflation Rises to 3.6%, Gold Drops Below $4,000, Bitcoin Falls Below $77,000” scores 12 out of 100. The score uses 1 sources.