Short-term market analysis: Gold weakens and Silver strengthens as anticipation builds for U.S. CPI data – KITCO

In the light of recent market movements, it’s evident that the gold rates have shown a weakening trend while its counterpart, silver, is standing firmer. As investors readily await the U.S. Consumer Price Index (CPI) data, anxieties run wild. Historically, inflation data has had a significant sway over these precious metal prices and this time appears to be no different. Experts postulate this could be attributed to the anticipation of a rise in U.S. interest rates, that tends to drive investors towards gold as a ‘safe haven’. The full impact will only be revealed once the CPI data is officially disclosed. Read More