(Kitco News) - The gold market is holding gains and support above $1,800 an ounce as U.S. inflation pressures see a significant rise in June.
Tuesday, the U.S. Labor Department said its U.S. Consumer Price Index rose 0.9% in June, after a 0.6% rise in May. The data significantly beat consensus forecasts as economists were forecasting a 0.5% rise.
“This was the largest 1-month change since June 2008 when the index rose 1.0 percent,” the report said
Gold prices holding support above $1,800 an ounce following sharp 0.9% rise in U.S. Inflatio
- by: Neils Christensen
- July 13, 2021
- Source:
DYNAMIC WEALTH RESEARCH
- 10/27/2022
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