Inflation Spikes in 2017, Supporting Gold Prices Despite Increased Odds of March Rate Hike

Inflation is coming. In fact, inflation rose at the fastest pace in four years during January. Consumer prices surged 0.6% in January from December, double the consensus forecast of a 0.3% rise. This marks the sharpest monthly increase since February 2013, according to the Bureau of Labor Statistics.

First published here: Inflation Spikes in 2017, Supporting Gold Prices Despite Increased Odds of March Rate Hike