Prices that producers charge (PPI) for their goods in the U.S. spiked higher by 0.6% last month, double the rise in January of + 0.3%.

Yesterday, gold traders and investors aggressively took gold $25 lower and $37 lower during the intraday low. This was a knee-jerk reaction to the government’s release of the most current inflationary data, the CPI.

In yesterday’s article, the primary focus was on the impact that the upcoming CPI report would have on multiple financial sectors including gold and the dollar.