Gold Lower After US PPI Rose in September

0
4
Done for you Skyscraper SEO


Gold prices ticked down as producer inflation pressures in the U.S. met expectations for September.

Producer Price Index (PPI) rose 0.4% last month following an increase of 0.2% in August, the U.S. Labor Department said on Thursday. According to consensus forecasts, economists were expecting to an increase of 0.4%.

The annual PPI advanced to 2.6% in September, which marked the quickest pace in over five years and beat economists’ expectations of…



Article Provided By

LEAVE A REPLY

Please enter your comment!
Please enter your name here