U.S. Consumer Price Inflation Index Increase Sparks Gold Rally

U.S. Consumer Price Inflation Index Increase Sparks Gold Rally

GOLD

It was reported today that the U.S. Consumer Price inflation Index shows a 0.4% rise for October, this number marks the highest monthly increase since March. Gold is showing increased interest at the current attractive level, and rallied today $7 per ounce. At 11am PT today, Gold is trading at $1,464 per ounce, up $10 on good volume.

SILVER

Silver is moving up with Gold and increasing demand. At 11am PT today, Silver is trading at $16.94 per ounce, up $0.22 on good volume.

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