{"id":710,"date":"2025-04-11T19:44:56","date_gmt":"2025-04-11T19:44:56","guid":{"rendered":"https:\/\/goldsilverdesk.com\/news\/?p=710"},"modified":"2025-04-11T19:44:57","modified_gmt":"2025-04-11T19:44:57","slug":"gold-prices-holding-above-3200-an-ounce-as-us-ppi-drops-0-4-in-march","status":"publish","type":"post","link":"https:\/\/goldsilverdesk.com\/news\/gold-prices-holding-above-3200-an-ounce-as-us-ppi-drops-0-4-in-march\/","title":{"rendered":"Gold prices holding above $3,200 an ounce as US PPI drops 0.4% in March"},"content":{"rendered":"\n

By\u00a0Neils Christensen<\/strong> – 4-11-2025<\/p>\n\n\n

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\"\"<\/figure>\n<\/div>\n\n\n

The gold market continues to hold near record highs above $3,200 an ounce and is paying little attention to economic data as U.S. wholesale inflation pressures fell sharply last month.<\/p>\n\n\n\n

The headline Producer Price Index (PPI) dropped 0.4% in March, following February\u2019s revised 0.1% reading, the U.S. Labor Department announced on Friday. The latest inflation data was significantly cooler than expectations, as economists had predicted a 0.2% increase.<\/p>\n\n\n\n

In the last 12 months, headline wholesale inflation increased by 2.7%, well below the consensus of 3.3%.<\/p>\n\n\n\n

Core PPI, which strips out volatile food and energy costs, dropped 0.1% last month, in line with February\u2019s 0.1% decline. Economists had forecast a 0.3% increase. Annual core PPI was 3.3%, also well below the consensus expectation of 3.6%.<\/p>\n\n\n\n

The report indicated that lower energy prices were the biggest contributing factor behind the drop in producer prices.<\/p>\n\n\n\n

Gold is not paying much attention to the forward-looking inflation numbers as the market continues to attract significant safe-haven flows due to the weakening U.S. dollar and elevated bond yields. Spot gold last traded at $3,230.40 an ounce, up nearly 2% on the day.<\/p>\n\n\n\n

Some economists note that the inflation data is outdated as the market continues to react to President Donald Trump\u2019s global reciprocal tariffs, which were in place for a week before being halted for 90 days.<\/p>\n\n\n\n

\u201cWhile tariff effects didn\u2019t move the needle for either CPI or PPI in March, there were some signs of them in this release, with the steel mill product PPI jumping by 7.1%. The broader tariffs that took effect last week will start to feed through in the next set of monthly price data, although the recent weakness in markets and evidence of some economic weakness may give the Fed more confidence that these will not have significant second-round effects,\u201d said Stephen Brown, Deputy Chief North America Economist at Capital Economics.<\/p>\n\n\n\n

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<\/p>\n","protected":false},"excerpt":{"rendered":"

By\u00a0Neils Christensen – 4-11-2025 The gold market continues to hold near record highs above $3,200 an ounce and is paying little attention to economic data as U.S. wholesale inflation pressures fell sharply last month. The headline Producer Price Index (PPI) dropped 0.4% in March, following February\u2019s revised 0.1% reading, the U.S. Labor Department announced on … Continue reading “Gold prices holding above $3,200 an ounce as US PPI drops 0.4% in March”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-710","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nGold prices holding above $3,200 an ounce as US PPI drops 0.4% in March - Gold Silver Desk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/goldsilverdesk.com\/news\/gold-prices-holding-above-3200-an-ounce-as-us-ppi-drops-0-4-in-march\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold prices holding above $3,200 an ounce as US PPI drops 0.4% in March\" \/>\n<meta property=\"og:description\" content=\"By\u00a0Neils Christensen – 4-11-2025 The gold market continues to hold near record highs above $3,200 an ounce and is paying little attention to economic data as U.S. wholesale inflation pressures fell sharply last month. 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