PMAYYY
2021-02-14
Disappointing
Gold Down Over Disappointing U.S. Inflation Data
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Higher gasoline prices were dented by lower airline fares as COVID-19 continues to impact the airline industry, in turn lowering expectations of a sustained acceleration in inflation in 2021.</p><p>The core Consumer Price Index (CPI) grew 1.4% year-on-year, below the 1.5% growth in forecasts prepared by Investing.com and December’s 1.6% growth. The core CPI was flat month-on-month, against the predicted 0.2% growth and the 0.1% growth recorded in December.</p><p>The CPI grew 0.3% month-on-month in January, against December’s 0.2% growth, and grew 1.4% year-on-year, below the forecast 1.5% growth but above December’s 1.3% growth.</p><p>The dollar, which usually moves inversely to gold, slowly inched up on Thursday from two-week lows after the data release. 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