U.S. Producer price inflation added 0.3% in July

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Source: Forexpros

PPI in the world's biggest economy jumped more-than-expected, by 0.3 per cent in July, after increasing by 0.1 per cent in the previous month. Meanwhile, core prices also advanced, adding 0.4% in July. The Fed uses core prices as a better measure for future inflationary pressure, as they do not take in to account energy and food categories.

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Tue, 14 Aug 2012 19:22:29 GMT

Gold futures tumbled on U.S. data

Gold futures tumbled on Tuesday, as U.S. fundamentals improved, with a 0.8 per cent jump in retail sales and wholesale prices adding 0.3 per cent in July. The bullion for December settlement fell 0.7 per cent, to $1,602 during today's New York trading session. At the same time, silver for September delivery followed gold and declined by 0.2 per cent, to $27.70 per ounce. On

Wed, 15 Aug 2012 14:43:15 GMT

Business-inventories in the U.S. rose in June

According to the U.S. Census Bureau's report, nation's business-inventories added 0.1 per cent in June, after jumping 0.3% in the previous month. The data came below the expectations, as analysts expected an increase of 0.2%. The modest June increase in business- inventories pushed total business stockpiles up to $1.58 trillion.

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