Rising U.S. PPI inflation is not enough to lift gold prices – Kitco NEWS
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(Kitco News) – Rising wholesale inflation pressures is not having much impact on the gold market as prices trade near session lows.
Wednesday, the U.S. Labor Department said its Producer Price Index (PPI) rose 1.3% in January following December’s rise of 0.3%; the data was stronger than expected with economists’ forecasting…