Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage of important industry events and analyses of market-affecting developments. - The gold market is holding the line at $2,350 an ounce as inflation in the U.S.
At the same time, core PPI, which strips out volatile food and energy costs, rose 0.5%, following a 0.2% increase in March. Core inflation was also hotter than expected, as consensus forecasts called for a 0.2% increase. In its last meeting at the start of the month, the U.S. central bank spooked markets after saying that inflation hasn't made enough progress toward its target.
– Blue-chip U.S. tech stocks are not only outperforming most of the market, they’re also encroaching on gold’s traditional role as a hedge against inflation and currency depreciation, according to the results of the latest Bloomberg Markets Live Pulse survey.BRICS will drive USD hyperinflation, buy gold, silver and Bitcoin before the coming depression – Robert Kiyosaki
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