News of rising inflation in the U.S. and cautionary comments from Federal Reserve Vice Chairman Donald Kohn had gold futures surging Wednesday.
Contracts for April delivery of gold closed $23 higher at $684 an ounce on the Comex divison of the New York Mercantile Exchange. The bullion exhange-traded funds that hold the metal, streetTracks Gold Shares (GLD Quote) and iShares Comex Gold Trust (IAU Quote), were litfting also, up 3% recently.
The Labor Department says its consumer price index rose 0.2% during January, twice the consensus forecast of a 0.1% increase but down from 0.4% in December. The core rate, which excludes the volatile food and energy components, advanced 0.3% vs. expectations of a 0.2% rise, and up from 0.1% previously. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
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DOWN
154.48
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DOWN
19.14
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DOWN
37.61
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DOWN
0.48
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10 Yr
3.23%
SPDR Gold
115.06
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-1.48%
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-1.72%
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-1.73%
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-1.46%
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Data delayed 20 minutes |
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