The UNITED STATE Customer Cost Index (CPI) rose 0.9% in June, after a 0.6% increase in May. Year-on-year, headline inflation is now at 5.4%.
Will Rhind, Chief Executive Officer of GraniteShares, said that gold, being a rising cost of living bush, can remain to rise if inflation does not cool off later on this year.
" I assume if we begin to see rising cost of living numbers high or raised after the summertime, when everybody returns from holidays, September time, I assume we can easily see [$ 2,000 gold] prior to completion of the year," Rhind informed David Lin, support for Kitco Information.
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