Early COMEX gold jumps after U.S. PPI surprise

Newswire

NEW YORK, Feb 20 (Reuters) - COMEX gold got another boost early Thursday after news of the biggest monthly jump in U.S. producer prices in 13 years dispelled recent anxiety about deflationary trends and kept gold in vogue as a hedge. COMEX April gold built on Wednesday's rebound from a seven-week low after the Labor Department said early Thursday that its January Producer Price Index rose 1.6 percent, more than triple forecasts of an 0.5 percent increase and the biggest jump since January ...

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