Producer Price Data Points to Tame Inflation, Gold Prices Rise

PPI came in at 0.1% in December vs. 0.2% expected, and following no change in November.Declines in the cost of services offset gains in the cost of goods.The data supports the case for the Fed to keep interest rates flat in 2020.

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Producer Price Data Points To Tame Inflation, Gold Prices Rise

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goldprice.org

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Gold Prices Steady As U.S. PPI Rises 0.4% In November

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Dec 12, 2024 · Gold prices steady as U.S. PPI rises 0.4% in November. By ... is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, …

kitco.com

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Gold Sheds Some Value After Producer Inflation Report - WSJ

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The Labor Department reported Thursday that goods prices rose 0.7% in November, while services increased by 0.2%. ( [email protected] ) Comex Gold Settles 1.69% Lower at …

wsj.com

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Gold Market Volatility: Decoding The Impact Of November's …

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Dec 12, 2024 · The gold market experienced significant turbulence recently, with prices dropping approximately $50 following the release of the November Producer Price Index (PPI) report. …

kitco.com

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How Far Has Gold's Price Dropped In November? - CBS News

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Nov 13, 2024 · The price of gold started November strong, coming in at $2,736.35 on November 1, according to historical price data from gold IRA company American Hartford Gold. While not …

cbsnews.com

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Gold And Silver Prices: What To Know Going Into November

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Oct 25, 2024 · What to know about gold prices going into November. ... The price of gold was just $2,063.73 per ounce on January 1 — but is now sitting at $2,734.46 per ounce (as of October …

cbsnews.com

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U.S. Producer Prices Increase Modestly In November | Nasdaq

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Dec 11, 2020 · U.S. producer prices barely rose in November, ... A 0.4% increase in the price of goods accounted for the rise in the PPI. Goods increased 0.5% in October. ... Services were …

nasdaq.com

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Gold Prices Jumped 7% In November. Is This A Trend? - IG

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Dec 6, 2022 · Gold also jumped from a low of $1,617 on 3 November to $1,741 on 29 November. So where next for gold? Two questions may be pertinent: 1. Will bond prices continue to rise? …

ig.com

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3 Gold Price Scenarios That Could Occur In 2025 - CBS News

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Jan 7, 2025 · Multiple factors could influence the price of gold in 2025. Getty Images/iStockphoto Gold prices hit record highs in 2024, climbing past $2,700 per ounce. Inflation and other …

cbsnews.com

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Eggs Boost US Producer Prices In November, But Services Inflation …

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Dec 12, 2024 · In the 12 months through November, the PPI shot up 3.0%. That was the biggest year-on-year increase since February 2023 and followed a 2.6% rise in October.

yahoo.com

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Why Gold Prices Are Now Dropping On The Heels Of Trump's Win

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Nov 11, 2024 · Gold futures last reached an all-time intraday high at $2,801.80 on Oct. 30, FactSet data show. "Consolidation into year-end is now more likely, but I think the uptrend …

morningstar.com

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Eggs Boost US Producer Prices In November, But Services ... - KITCO

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Dec 12, 2024 · Wholesale goods prices surged 0.7%, accounting for nearly 60% of the monthly rise in the PPI, after edging up 0.1% in October. Food prices soared 3.1%, making up 80% of …

kitco.com

FAQs about Producer Price Data Points to Tame Inflation, Gold Prices Rise Coupon?

Why did gold prices drop $50?

The gold market experienced significant turbulence recently, with prices dropping approximately $50 following the release of the November Producer Price Index (PPI) report. This sudden movement highlights the complex interplay between economic indicators, market sentiment, and commodity pricing. ...

Why did gold prices increase on Tuesday?

Gold prices extended gains on Tuesday after U.S. inflation data came in slightly weaker than expected, giving investors faint hope that the Federal Reserve would continue on its rate-easing path this year, sending the dollar lower. ...

Is the gold market a turbulence?

Featuring views and opinions written by market professionals, not staff journalists. The gold market experienced significant turbulence recently, with prices dropping approximately $50 following the release of the November Producer Price Index (PPI) report. ...

Why did gold prices hit record highs in 2024?

Getty Images/iStockphoto Gold prices hit record highs in 2024, climbing past $2,700 per ounce. Inflation and other economic concerns drove investors toward the precious metal, while central banks added to the momentum with aggressive buying. The Federal Reserve's recent rate cuts have renewed interest in gold investing. ...

Why did gold prices drop in the 1990s?

Excess supply may have contributed to the dropping gold prices of the 1990s. Gold mining activity increased from 34 million troy ounces annually in 1980 to 85 million troy ounces in 1999. The 1990s also saw many central banks selling off portions of their gold reserves, which helped increase supply and depress prices. ...

Will gold prices drop if fewer people buy it?

Gold—like any other product or service—is subject to the economic principle of supply and demand. The higher the demand, the higher the price. If demand should drop and fewer people buy gold, then it can be expected that gold prices may drop too. In the fourth quarter of 2021, gold demand dropped to an 11-year low. ...