Gold rose 0.6% after U.S. inflation statistics

By the end of Thursday, gold prices rose by 0.6%. Players reacted to statistics released yesterday on inflation in United States, which reached a new record high. This morning gold quotations on the Comex exchange are down 0.02%. According to the U.S. Department of Labor, the inflation rate jumped 5 percent in May in year-over-year, the highest in 13 years. Analysts had expected the rate to be 4.7%. For comparison, in By comparison, in April it was 4.2%. In monthly terms, inflation rose 0.6% in May, said Ministry of Labor. This is 0.2% higher than the forecasted estimates (0.4%), April data were higher at 0.8%. The increase in consumer prices in the United States, excluding increases in food and energy costs in May was 3.8%. y/y, 0.4% above forecasts. The figure also set a record, the highest since 1992. The rate also set a record, the highest on record for a month in the history of the U.S. in 1992 above forecasts