January 15, 2020

Gold got a boost today on weak PPI data that showed wholesale pricing rose 0.10% in December, missing estimates of 0.20%.  For the year, wholesale pricing rose only 1.3%, totaling just half of its 2018 rise.  Gold is up $13.50 currently, as weak inflation data could signal a possible 2020 rate cut, or more likely,  not any rate hikes this year.  The US and China have signed phase one of a trade deal but the ambiguity of when and what phase two will entail leaves much uncertainty regarding future relations between the two countries.  Tariffs are expected to remain in place for the time being.