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Core CPI Beat Triggers Gold and Bitcoin Selloff

By Markets Desk · 2026-09-12 · Updated 2026-09-12 16:47 UTC
A stack of gold coins and a single silver coin resting on a wooden desk
Illustration: Tradingbird

August core inflation data exceeded forecasts, triggering an immediate but brief selloff in gold and Bitcoin before both assets recovered their losses. Market watchers note that while the initial spike was driven by higher yields, the quick stabilization indicates traders are still weighing the impact ahead of the Federal Reserve's upcoming decision.

  • BeInCrypto via GN auto markets/commodities notes that gold and Bitcoin have now fully recovered their initial intraday losses, settling near pre-release levels despite the hot monthly core print. The report highlights that this rapid rebound suggests stretched positioning rather than new conviction, especially with the Fed's rate decision approaching Wednesday.

    Source: BeInCrypto

  • Core inflation data for August came in above forecasts, causing immediate price declines in gold and Bitcoin before partial recovery.

    Source: Yahoo Finance
Based on reporting by Yahoo Finance and BeInCrypto, compiled by the Tradingbird desk.

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