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Metals Stocks: Gold hits highest level since late June after CPI data show a slowdown in inflation


Gold prices traded marginally higher on Tuesday while investors awaited the release of the November consumer-price index, a closely watched inflation gauge.

Metals prices

February gold


gained $7.50, or 0.4%, to $1,799.70 per ounce on Comex.

March silver


advanced 22 cents, or 0.9%, to $23.62 per ounce.

Palladium for March

delivery advanced $33.40, or 1.8%, to $1,917 per ounce, while platinum for January delivery

advanced $17, or 1.7%, to $1,025 per ounce.

March copper 

rose 5 cents, or 1.3%, to $3.85 per pound.

What’s happening

Financial markets could be volatile on Tuesday as the November consumer-price index is due out at 8:30 a.m. Eastern Time.

“Gold remains in consolidation ahead of the CPI data. Last month’s release helped drive gold prices higher on the back of a promising Fed statement and jobs report,” said Craig Erlam, senior market analyst at OANDA.

Inflation at 7.1%: 2 ‘Strong Buy’ Dividend Stocks That Beat This Rate

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