Gold price gains as U.S. consumer prices rise in December

January 13, 2021

New York (Jan 13)  Gold prices advanced following the December inflation data.

The U.S. Consumer Price Index rose 0.4% last month after advancing 0.2% in November, the U.S. Labor Department said on Wednesday. Consensus forecasts were not disappointed as they were calling for a rise of 0.4%.

Annualized inflation came in above expectations in December, rising 1.4% versus the projected 1.3%. This comes after November’s increase of 1.2%.


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