Spot gold surged in response to tame U.S. producer prices
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The precious yellow metal continues its upward trajectory, setting another record as traders receive an extra boost from soft U.S. Producer Price Index (PPI) data, which showed a slight increase of 0.2%, below the expected 0.3%. However, whether this offsets March's hot Consumer Price Index (CPI) report remains uncertain.
Spot gold surged in response to tame U.S. producer prices
Spot gold surged in response to tame U.S…
Spot gold surged in response to tame U.S. producer prices
The precious yellow metal continues its upward trajectory, setting another record as traders receive an extra boost from soft U.S. Producer Price Index (PPI) data, which showed a slight increase of 0.2%, below the expected 0.3%. However, whether this offsets March's hot Consumer Price Index (CPI) report remains uncertain.