Click here to get this article in PDF
CNBC/Jeff Cox/6-15-2021
“On a monthly basis, the producer price index for final demand rose 0.8%, ahead of the Dow Jones estimate of 0.5%. Those higher price pressures came amid a pronounced dip in retail sales, which fell 1.3% in May, worse than the 0.6% estimate, according to the Census Bureau.”
USAGOLD note: Gold failed to respond to this morning’s producer prices report because inflation is only one-half the equation. The other half is “What, if anything, is the Fed going to do about it?” We’ll know more by Wednesday afternoon.
Sources: St. Louis Federal Reserve [FRED], Bureau of Labor Statistics
The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.