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Gold Price News: The Metal Pops Amid Summer Doldrums Season | The Mesh Report

Gold Price News: The Metal Pops Amid Summer Doldrums Season

Mike Hammer July 14, 2017 Comments Off on Gold Price News: The Metal Pops Amid Summer Doldrums Season

Retail sales disappointed again this morning, while the Consumer Price Index (CPI) on inflation advanced so little that it’s not significant. Generally a steady inflation number is not alarming, but the mix of factors that contributed give one pause.  Energy and auto prices fell, which was expected given recent news on those sectors.

Many other categories declined included as household furnishings, clothing and hotel stays.  Usually such things are very steady, so seeing these drop forces you to take note. As a result, the US Dollar is down in early Friday trading against the yen and Euro. The Canadian dollar, which had a very strong Thursday, is unchanged this morning against its southern cousin (That’s the US Dollar, in case my wife is reading this, haha).

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