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)