Traditionally gold has reacted to inflation with a direct positive correlation. In other words, higher inflation would typically create bullish market sentiment for the precious yellow metal.

Today the Bureau of Labor Statistics reported a tremendous and unexpected spike in inflation. That data sent shockwaves through the financial markets across the board. U.S.

As of 5:15 PM EST, the most active June 2021 contract is currently fixed at $1838.40, which is a fractional gain of $0.80 on the day.