Morning Metals Call
Tuesday, May 14, 2024Good morning. The precious metals are higher in early U.S. trading.
U.S. calendar features PPI (+0.3% expected).
FedSpeak due from Cook and Powell.
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Blog posts tagged with 'ppi'
Gold firms intraday right along with the dollar on PPI rise
Thursday, April 11, 2024U.S. PPI +0.2% in Mar, below expectations of +0.3%, vs +0.6% in Feb; 2.1% y/y, up from 1.6% in Feb.
Core +0.2%, in line with expectations, vs +0.3% in Feb; 2.4% y/y, up from 2.0% in Feb.
Interestingly gold has firmed intraday right along with the dollar.
Gold weighed by hotter than expected PPI
Thursday, March 14, 2024U.S. PPI +0.6% in Feb, above expectations of +0.3%, vs +0.3% in Jan; 1.6% y/y, vs upward revised 1.0% in Jan.
Core +0.3%, above expectations of +0.2%, vs +0.5% in Jan; 2.0% y/y, steady vs Jan.
Gold is weaker as June rate hike prospects are further tempered.