Gold Prices Rise as U.S. Producer Price Inflation Cools

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Gold Prices,U.S. Economy,Producer Price Inflation

Gold prices have turned positive as the latest data shows a cooling in producer price inflation in the U.S. economy, with the Producer Price Index rising 0.2% last month. This is below economists' expectations of a 0.3% increase.

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The report said that in the last 12 months, headline inflation rose 2.1%, also below expectations for a 2.2% reading. For the year, core inflation is at 2.4%, up from February’s 2.0 print and also above the expectation for a 2.3% reading.

Source: Financial Digest (financialdigest.net)

Gold Prices U.S. Economy Producer Price Inflation Producer Price Index Cooling Data Economists Expectations

 

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