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(Kitco News) - After a solid overnight rally, rising inflation fears are limiting gold’s recovery Thursday, as higher producer prices show that the growing threat is unlikely to abate anytime soon.The U.S. headline Producer Price Index (PPI) jumped 1.3% in September, following August’s revised 0.5% increase, the U.S.…
Gold held above $4,100 an ounce despite a hotter-than-expected September PPI report, which showed headline wholesale inflation rising 1.3% and annual core PPI at 5.0%, complicating the Fed's disinflation narrative.
Trading New Spot gold trades at $4,187.70, up 0.43%, after Warsh’s neutral comments pushed the dollar index down 0.7% to 101.80 | That's TradingNEWS