U.S. Consumer Price Index.
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U.S. Consumer Price Index.
Dear Investors.
The index rose 0.9% in June, after a 0.6% in May.
The data came in much higher than expected most economists were looking for a forecast around 0.5%.
The report said that annual inflation rose 4.5%, the largest 12-month increase since the period ending November 1991.
This is a strong indicator for precious metals investors...!!!
If this pattern continues it´s most certainly setting the metals market up for a robust second half of the year...!!!
Such a rise is certainly raising estimates in potential price targets.
Many analysts are calling for over $2000.00 gold by year's end...!!!
All the numbers are not just motivating investors, central bank appetite has increased as well...
With such a leap in the inflation stats nobody wants to fall asleep at the wheel...!!!
Much success to all.
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