Gold may be lagging platinum and silver, but it remains the world’s top monetary asset
(Kitco News) - Gold continues to attract robust investor attention; however, it is currently playing third fiddle in the precious metals market, as both platinum and silver are outperforming the yellow metal.
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Gold shoots into positive territory as headline CPI rises more than expected in August(Kitco News) - The gold market is trading in positive territory above $3,640 per ounce after U.S. inflation pressures rose more than expected last month.The Consumer Price Index (CPI) rose by 0.4% last month after July’s 0.2% increase, the U.S. Bureau of Labor Statistics announced on Thursday. The inflation data was hotter than expected, as economists were looking for a 0.3% increase.The report noted that headline inflation rose by 2.9% over the last 12 months, in line with economists’ expectations, following the 2.7% reported in July.
