Wednesday, February 14, 2018

Gold price rises over 1% following higher than expected inflation numbers

It didn't take long for the price of gold to recover back over $1340 following today's inflation report.  In fact, besides the over 1% gain gold has achieved in early morning trading here on Valentine's Day, gold has also risen by more than $30 since it was beaten down to $1316 just three days ago.

The "most-watched datapoint in history" just hit... and everything is hotter than expected... 
Amid updated seasonal adjustments from BLS and strong base effects, Headline CPI printed a much hotter-than-expected 2.1% YoY (1.9% YoY exp) 
The index for all items less food and energy increased 0.3 percent in January. The shelter index increased 0.2 percent as the indexes for rent and owners' equivalent rent both rose 0.3 percent, while the index for lodging away from home declined 2.0 percent over the month. - Zerohedge


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