Trusted Bullion Services… Straight from the Source®
NEW YORK SPOT METAL PRICES

September 13, 2023

Gold declined Wednesday after CPI data showed a slightly higher-than-expected uptick in inflation for August. Rising oil prices are to blame for most of it, but core CPI came in at 0.3% vs 0.2% expected. A pause in rate hikes is still overwhelmingly expected from the Fed next week, and stocks subsequently shook off the CPI data, closing mixed for the day. The Dow dropped 70 points while the S&P 500 and Nasdaq closed modestly in the green, up 0.12% and 0.29% respectively.