Inflation Is Up - And So Is Gold

From sunshineprofits.com

Inflation has finally risen, but the Fed will remain dovish. Gold can continue its upward march. The U.S. CPI inflation rate rose 0.6 percent in June, following a 0.1 percent drop in May. It was the first increase in four months and the biggest jump since 2012. The move was mainly driven by higher energy prices (the energy index increased 5.1 percent in June as the gasoline index rose 12.3 percent). The core CPI rose 0.2 percent, following a 0.1 percent drop in May. It was also the first increase since February, as the prices of apparel and transportation services have finally risen. On an annual basis, the overall ... (full story)