Prices are solidly lower, with gold hitting a three-month low and silver a three-week low, following higher-than-expected U.S. inflation readings that fall into the camp of the U.S. monetary policy hawks, who want to see the Federal Reserve hold off on lowering U.S. interest rates. April gold was last down $25.90 at $2,007.10. March silver was last down $0.637 at $22.12. The U.S. economic data point of the day, if not the week, saw the consumer price index report for January come in at up 3.
1%, year-on-year, compared to forecasts for up 2.9% and compares to a rise of 3.4% in the December repor
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: