Reply #29: Gold ticks higher after bigger-than-expected Oct CPI reading

[UpInArms]

http://www.marketwatch.com/news/newsfinder/pulseone.asp?dateid=38672.3648871759-850833984&siteID=mktw&scid=0&doctype=806&

NEW YORK (MarketWatch) -- Gold futures ticked higher early Wednesday after data showed consumer prices increasing a bit more than expected in October. Gold for December delivery was last trading up $6 at $475 an ounce. The Labor Department said CPI rose 0.2% in October, and was also up 0.2% excluding energy and food prices. .The 0.2% gain in the CPI was slightly more than the 0.l% expected by economists surveyed by MarketWatch. The 0.2% gain in the core rate was as expected