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Gold $2,576.97 $(5.74) -0.22% Silver $30.76 $(0.01) -0.03% Platinum $990.45 $3.94 0.4% Palladium $1,091.71 $12.11 1.12%

Gold weighed by hotter than expected PPI

Gold weighed by hotter than expected PPI

U.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.
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