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.