Friday, February 16, 2018

Gold price on track for best week since 2016 as real inflation fears signal even higher prices for the metal

Ever since the Bureau of Labor Statistics (BLS) published its Consumer Price Inflation (CPI) report at the beginning of the week, gold prices have responded with a more than $40 move to the upside.  And this has led the commodity to be on track for its best week of gains since 2016.

Gold futures grasped at a narrow advance Friday and headed for a weekly gain of about 3% even as the dollar index, battered in recent trading, tipped higher and stocks headed for their best week in more than a year. 
April gold GCJ8, +0.09% was up $1.80, or 0.1%, to $1,357.10 an ounce. It fell modestly Thursday after a settlement at $1,358 Wednesday, marking its highest level in nearly three weeks. 
Spot gold has risen 3.2% so far this week, putting it on track for its biggest weekly rise since April 2016. - Marketwatch


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