May 17, 2012

Gold Moves Towards $1,150 After Tepid Inflation Data

Today, the price of gold moved towards $1,150 per ounce, as inflation figures remained tepid and the U.S. dollar stayed under pressure. Consumer Price Index (CPI) data released this morning showed a 0.2% gain in October versus the previous month and up 1.7% when food and energy were stripped out. The CPI figures were roughly [...]