CPI Shows Slowdown in Inflation But Interest Rate Increases Still Loom

GOLD

The consumer price index reported the increase to 6.4% year-on-year, which is higher than the expected 6.2% but still down from December’s 6.5%. Analysts believe it is likely that the Federal Reserve will continue increases in interest rates to bring inflation further down. At 11am PT today, Gold is trading at $1,852 per ounce, down $2.

SILVER

As Gold prices have dropped, Silver prices have dropped alongside. Concerns of increases in interest rates have kept prices down. At 11am PT today, Silver is trading at $21.82 per ounce, down $0.09.