All articles tagged with #us ppi
US producer prices remained unchanged in June, with a decline in services costs offsetting a rise in goods prices, indicating cautious manufacturer pricing amid ongoing trade tariff impacts and mild inflation trends.
Gold and silver prices hit 13-month highs due to a tame US inflation report, a slumping US dollar index, and rising crude oil prices. The US producer price index report for March showed a decline of 0.5% from February, putting more downside pressure on the US dollar index. June gold futures bulls have the strong overall near-term technical advantage, with the next upside price objective being a close above solid resistance at the all-time high of $2,078.80. May silver futures bulls have the strong overall near-term technical advantage, with the next upside price objective being closing prices above solid technical resistance at $27.50.