Gold snaps four-day advance as yields ease, oil drops - Kitco PM Report
(Kitco NewsWire) - Spot gold and silver prices are lower in late-afternoon U.S. trading Thursday, as a cooler wholesale inflation report cut Treasury yields and rate-hike expectations but also reduced demand for metals as near-term inflation hedges.
Latest News
Spot gold spikes above $4,438/oz as annual core CPI rises 2.5% in July(Kitco News) - The gold market is setting fresh session highs after the latest data showed U.S. inflation pressures cooling in line with expectations last month.The headline Consumer Price Index (CPI) rose by 0.1% last month after June’s -0.4% decrease, the U.S. Bureau of Labor Statistics announced on Wednesday. The inflation data matched expectations, as economists were looking for a 0.1% increase.
