Gold price at daily highs following 0.2% decrease in U.S. PPI

Gold prices are at daily highs as the U.S. Producer Price Index (PPI) falls short of expectations in June, declining 0.2%.

Market’s consensus was expecting to see a rise of at least 0.4% on a monthly basis.

The annual PPI also disappointed market forecasts, falling 0.8% vs the expected 0.2% drop in June, the U.S. Labor Department said on Friday.


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