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Gold $2,760.78 $5.59 0.2% Silver $30.88 $0.13 0.42% Platinum $959.40 $10.89 1.15% Palladium $975.87 $15.58 1.62%

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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