May 9, 2018

Gold remains relatively flat this morning, trading at $1,314.40, after PPI data helped curve inflation fears with consumer prices rising 2.6% since last April, missing the estimated yearly rise of 2.8%. Oil prices soared to their highest levels since 2014 after Trump announced the US’ departure from the Iran nuclear deal. The rise in oil should keep inflation a top priority to investors and may help boost gold, even amid an underwhelming PPI report.