US inflation over the last 12 months is the lowest since October as consumer prices slid for a third straight month, according to a government report released Friday. The Consumer Price Index, the most closely watched indicator of inflation, retreated 0.1 percent in June after a 0.2 percent dip in May, the Labor Department said. […]
Even though energy prices were flat in March, the cost of living in America rose slightly during the month as more expensive fresh fruits and vegetables lifted consumer prices, according to a government report released Friday. "The seasonally adjusted increase was mostly due to an increase in the fresh fruits and vegetables index, which […]
New York gold futures closed slightly higher on Wednesday, marking a third straight day of gains. Silver and platinum followed. The Federal Reserve’s assurance on Tuesday to keep interest rates unchanged was still a cited factor in metals movement, as was a bigger-than-expected decline in wholesale inflation. The Labor Department on Wednesday said US producer […]
"V" For…Volcker" Good Morning, Precious metals continued to struggle overnight, albeit a slight rebound was attempted in gold as the US dollar eased following perceptions that President Obama’s plan to rein US banks in could dent demand for US assets (the greenback among them). Very mild physical buying emerged overseas, as would-be owners ponder whether […]
The cost of living in the US rose less than expected in December, according to a Labor Department report released Friday. However, inflation picked up in the past year as a result of higher energy prices. Consumer prices inched 0.1 percent higher in December after rising 0.4 percent in November. The reading was the lowest […]
US inflation over the past year returned to positive territory for the first time since February and Americans paid more for energy in November, bringing the cost of living up from the prior month, according to a government report released on Wednesday. Consumer prices rose 0.4 percent in November — as most analysts expected — […]
Markets Speak Ahead/On Behalf Of Fed Good Day, Gold prices ticked about 1% higher during the overnight hours as the US dollar pulled back ahead of the Fed decision announcement due later today. Yesterday’s surge in the dollar was notable however, and so was the fact that gold fell amid news of an unexpected rise […]
New York gold futures declined slightly on Tuesday despite a government report showing soaring wholesale inflation in November. Gold tends to rise with inflation, as it is often purchased as a hedge against it. The yellow metal did tick higher for a time, but it was pulled down due to a stronger US dollar. In […]
Commodities prices fell on Tuesday, with New York gold futures falling for a third straight session as a rising US dollar curbed the yellow metal’s appeal. Silver and platinum followed, although the latter retreated just slightly. In other markets, crude oil registered a fifth day of losses and US stocks tumbled with the Dow dropping […]
Double Bubble Trouble Good Day, Wednesday’s opening market action looked like an instant replay of the last three weeks’ worth of "the trade." Put on your blue coat, pin your trading badge on, go sell USD, buy gold, oil, stocks, and whatever else you can get your hands on. Hey, buddy? It’s that easy? "Oh […]
