Gold prices jump as US CPI rises 0.9% in March but comes in less than expected - KITCO

The headline trying to spin a 0.9% monthly CPI rise as "less than expected" and therefore good news is exactly what's wrong with the mainstream narrative. Inflation is here. Gold jumped because the market, despite what analysts want to tell you, knows exactly what a nearly one percent monthly increase in consumer prices means for the dollar's purchasing power.

A 0.9% monthly jump means an annualized rate far exceeding central bank targets, regardless of prior expectations. This isn't transitory, it's a persistent erosion. Gold at 4751.37 per oz reacted correctly. Your stack protects against this exact scenario. Silver, at 76.2 per oz, also holds its ground, reflecting the real cost of goods. The ratio at 62.4:1 continues to be a point of interest.

Don't get distracted by the "less than expected" spin. Focus on the actual data. We're watching the Fed's next moves and how they continue to try and explain away these inflation numbers. This CPI print just reinforced the long-term play for physical metal.