Gold and silver traded higher Friday morning following a report that showed a dramatic decrease in the price of U.S. imports – the first monthly drop since last December and the latest sign this week that inflation may finally be on the retreat.  The U.S. Bureau of Labor Statistics reported that prices for U.S. imports decreased 0.4%…

A government report released Thursday showing an unexpected decline in consumer prices last month provided a second piece of critical evidence in as many days that inflation was cooling off and bolstered calls for federal policymakers to reduce interest rates sooner than later.  The Producer Price Index (PPI) issued by the U.S. Bureau of Labor Statistics found…

The Federal Reserve left interest rates unchanged for a seventh straight meeting on Wednesday, saying the U.S. economic outlook remained “uncertain” even with a better-than-expected report indicating that inflation was cooling. The unanimous decision by the Federal Open Market Committee came several hours after the U.S. Bureau of Labor Statistics reported that inflation retreated slightly last month, declining to…

Gold and silver traded higher Wednesday morning, following a new report showing inflation retreated slightly last month. This boosted confidence among investors that Federal Reserve officials might be more inclined to cut interest rates sooner rather than later.  The Consumer Price Index released by the U.S. Bureau of Labor Statistics declined to a 3.3% annual rate in…

Gold continued to slide in Friday trading after a stronger-than-expected U.S. jobs report rallied the dollar and all but crushed hopes for an interest rate cut that had figured to come as early as September. Gold sunk 2.72% in morning trading, down $64 to trade at $2,312 per ounce on the heels of data from…

Gold prices were trading lower, and silver remained near-steady Wednesday after a Federal Reserve official refused to rule out future rate increases. Gold was down $19.41 at $2,340.48 while silver held even at around $32 on remarks Tuesday by Federal Reserve Bank of Minneapolis President Neel Kashkari, who left the door open to increases.“I don’t…