Has The Gold Rally Run Out Of Steam?

Inflation remains low and below the Fed’s target. So, should gold bulls worry about it? The U.S. CPI inflation rate rose by 0.2 percent in September, following a 0.4 percent increase in August. It was the smallest jump since May. The move was driven by a 6.7- percent spike in the cost of used cars and trucks, and it’s the most significant upward change over half a century. The core CPI rose 0.2 percent, following a 0.4 percent increase in the preceding month. On an annual basis, the overall CPI increased 1.4 percent (seasonally adjusted),…