If you read our mid-week bulletin last Wednesday with something of a sinking feeling as we revealed that the precious metal had hit an eight-year high, there’s good news this morning if you’re ready to act quickly and buy now. Labor Department figures published yesterday (Tuesday) showed a second consecutive increase in the US Consumer Price Index, with a 0.2% rise in December following the 0.3% growth shown in November. Core inflation was up, but less than expected at 0.1% – it grew 0.2% in November.

The good news? The data was largely well received – and while certainly not notable or dramatic enough to cause shockwaves, did leave gold with a lag in momentum. There are two silver linings here; the first is that this affords a great opportunity to buy now if you missed out over the last week.  The second is that experts suggest that the inflation figures point to what could be loose monetary policy, a move that is positive for gold and supports higher prices going forwards. So, buy now to reap the rewards.

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