July 12, 2021

Gold is trading at $1,828.00, its highest level in nearly a month, after today’s CPI data showed that the cost of living rose in June at its highest rate since 2008, and prices rose 0.9%, nearly double estimates.  Stocks began the day firmly in the green but stalled after CPI data was released to finish the day mixed.  The Dow and S&P 500 gained just over 0.1% each and the Nasdaq dropped 0.2%.