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Gold rebound on CPI not yet conclusive
Gold continued to push higher much earlier this morning and that saw the metal rise to $3,265.59. It was already tracking nearly $30 lower when the US CPI data hit the screens. Gold had dropped back to around $3,238. It lifted on the CPI report to around $3,246. It is right now battling for direction after that data. So, it remains to be seen, if this news will be enough to push it back up, or it will continue ti track lower once the dust settles on this. Gold is right now at $3,244.50
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