Gold climbed after the latest US inflation reading offered some calm to markets a day after a hot price reading curbed bets on Federal Reserve rate cuts. The March producer price index for final demand rose 2.1% from a year earlier, Labor Department data showed Thursday. That’s the most in 11 months, but below the 2.2% analyst estimate. The PPI print along with a hot consumer inflation report Wednesday underpinned the bumpy path the Federal Reserve faces in achieving its 2% target. Still, the details in the PPI report offered some calm for investors worried about a re-acceleration of inflation. Several categories in ... (full story)