(Kitco News) – The gold market is trading at season highs above $3,350 per ounce after U.S. inflation pressures fell more than expected last month.The Consumer Price Index (CPI) rose by 0.1% last month after April’s 0.2% increase, the U.S. Bureau of Labor Statistics announced on Wednesday. The inflation data was cooler than expected, as economists were looking for a 0.2% increase.
