Gold stays under check

Published on Sep 14, 2022 14:20

COMEX Gold stayed slippery after dropping heavily in last session. Prices fell yesterday following the US inflation data and a tumble in equities. The US Labor Department said its consumer price index edged up by 0.1 percent in August after coming in unchanged in July. Compared to the same month a year ago, consumer prices were up by 8.3 percent in August, reflecting a slowdown from the 8.5 percent spike in July. The shiny metal currently trades at $1713 per ounce, down 0.25% on the day.