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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.
Gold prices hold near $4,160 as investors await US CPI inflation data that could shape Fed rate expectations, with oil prices and Middle East tensions supporting safe-haven demand