Gold price sees $20 swings as inflation accelerates slightly in September

  • 10/13/2021
  • Source: Kitco
  • by: Anna Golubova
Gold price sees $20 swings as inflation accelerates slightly in September
(Kitco News) The U.S. inflation data accelerated slightly more than expected in September, with the U.S. Consumer Price Index rising 0.4% after August's advance of 0.3%, the U.S. Labor Department said.

Consensus forecasts were calling for a rise of 0.3%.

Annualized inflation was at 5.4% versus the projected 5.3%. September's increase matched the largest annual price gain since 2008. This comes after August's 5.3% advance.
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