(Kitco News) – The gold market is posting gains after U.S. inflation pressures cooled more than expected last month.The headline Consumer Price Index (CPI) rose by 2.7% over the last 12 months, lower than economists’ forecasts for a 3.1% reading.Annual Core CPI, which strips out volatile food and energy prices, increased by 2.6% in the last 12 months, lower than the 3.0% expectation.The report did not contain month-over-month figures or monthly priors as October’s CPI data was not released due to the U.S. government shutdown.
(Kitco News) – The gold market is posting gains after U.S. inflation pressures cooled more than expected last month.The headline Consumer Price Index (CPI) rose by 2.7% over the last 12 months, lower than economists’ forecasts for a 3.1% reading.Annual Core CPI, which strips out volatile food and energy prices, increased by 2.6% in the last 12 months, lower than the 3.0% expectation.The report did not contain month-over-month figures or monthly priors as October’s CPI data was not released due to the U.S. government shutdown.