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Gold prices jump as U.S. CPI rises 2.0% in July
The gold market has jumped off its lows and is trading in roughly neutral territory as higher consumer prices continue to embed themselves in the broader economy. The Consumer Price Index (CPI) rose 0.2% last month after June’s 0.3% increase, the U.S. Bureau of Labor Statistics announced on Tuesday. The inflation data rose in line with expectations. Headline inflation rose 2.7% in the last 12 months, rising slightly less than expected. According to consensus estimates, economists were expecting to see an increase of 2.8%. At the same time, core inflation, which strips out volatile food and energy prices, rose 0.3% ... (full story)
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The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent on a seasonally adjusted basis in July, after rising 0.3 percent in June, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.7 percent before seasonal adjustment. The index for shelter rose 0.2 percent in July and was the ...
July's Consumer Price Index (CPI) is expected to show prices rose at a faster clip annually compared to June. The report, due Tuesday at 8:30 a.m. ET, comes as investors stay alert to how much President Trump’s tariffs are starting to affect consumer costs. According to Bloomberg data, headline CPI is expected to have increased 2.8% year over year in July, ...
U.S. consumer prices increased moderately in July, though rising costs for goods because of import tariffs led to a measure of underlying inflation posting its largest gain in six months. The consumer price index rose 0.2% last month after gaining 0.3% in June, the Labor Department's Bureau of Labor Statistics said on Tuesday. In the 12 months through July, ...
