US wholesale inflation remained tame in February


“U.S. wholesale prices barely increased last month after falling for three straight months, a sign there is little inflation pressure in the economy. The Labor Department says the producer price index — which measures price changes before they reach the consumer — rose 0.1 percent in February. It slipped 0.1 percent in January.”

USAGOLD note:  In this counterintuitive environment for gold, when those things that would have driven it lower now drive it higher and vice versa, reports showing that inflation remains tame register as a positive.  Go figure. . . .

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