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Metals Stocks: Gold prices higher after PPI report shows wholesale prices shrink again ahead of Fed decision – Vested Daily

Metals Stocks: Gold prices higher after PPI report shows wholesale prices shrink again ahead of Fed decision

June 14, 2023

Gold prices traded higher Wednesday morning after data showed U.S. wholesale prices eased in May, providing another sign that inflation pressures are abating in the face of the Federal Reserve’s monetary tightening campaign.

Investors also looked ahead to the central bank’s interest-rate decision and Chair Jerome Powell’s press conference slated for Wednesday afternoon.