#Breaking: U.S. inflation came in higher than expected, temporarily dealing a blow to gold
#Ounce: Now $4,050
U.S. inflation rose more than expected, reaching 0.4% month over month, while 0.3% was expected. A Fed member said the reading could lead to a 50-basis-point rate hike.
Of course, the data are #negative for #gold, but today's sharp drop in oil prices and recent positive talk about U.S.-Iran negotiations may slightly limit the downside. $PAXG
#Ounce: Now $4,050
U.S. inflation rose more than expected, reaching 0.4% month over month, while 0.3% was expected. A Fed member said the reading could lead to a 50-basis-point rate hike.
Of course, the data are #negative for #gold, but today's sharp drop in oil prices and recent positive talk about U.S.-Iran negotiations may slightly limit the downside. $PAXG
