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Slightly cooler U.S. CPI prompts price rallies in gold, silver
Gold and silver prices are higher in early U.S. trading Tuesday, following a U.S. inflation report that came in tame. August gold was last up $15.60 at $2,341.90. July silver was last up $0.659 at $29.90. The just-released consumer price index for May came in at unchanged, month-on-month and up 3.3%, year-on-year. Monthly CPI was seen up 0.1% and up 3.4%, annually. The core CPI (excluding food and energy) for May was up 0.2%, month-on-month and up 3.4%, annually. Both core numbers were also slightly lower than expected. This report falls into the camp of the U.S. monetary policy doves, who want to see the Federal ... (full story)