Gold and silver are trading higher following softer-than-expected May CPI figures.
Portfolio Pulse from Benzinga Newsdesk
Gold and silver prices are trading higher following softer-than-expected May CPI figures.
June 12, 2024 | 12:36 pm
News sentiment analysis
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POSITIVE IMPACT
The SPDR Gold Shares ETF (GLD) is likely to see a positive impact as gold prices rise following softer-than-expected May CPI figures.
Softer-than-expected CPI figures typically reduce concerns about inflation, leading to higher gold prices as investors seek safe-haven assets. This is likely to positively impact GLD.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
The iShares Silver Trust ETF (SLV) is likely to see a positive impact as silver prices rise following softer-than-expected May CPI figures.
Softer-than-expected CPI figures typically reduce concerns about inflation, leading to higher silver prices as investors seek safe-haven assets. This is likely to positively impact SLV.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90