Advisor Metals Precious Metals Market Update for August 17, 2025
The Core Consumer Price Index (CPI) (less food and energy) released on Tuesday and the Core Producer Price Index (PPI) (less food and energy) released on Thursday both showed increases from the previous month and for the last 12 months.
The Core CPI increased +.3% from July and was +3.1% over the last 12 months. In line with expectations yet an increase.
The Core PPI increased +.9% from July against a forecast of +.3% and +.3.3% over the last 12 months.
They both continue to be above the FED’s inflation target of a 2% annual increase. My thought is that the only way Powell may lower interest rates at the FED’s September 16-17 meeting .25% or .5% is to ease the negative rhetoric he is getting from the Administration.
The metals did not react positively to these numbers with gold being down 2.21% on the week and silver being down 1.27% on the week. The Dow Jones Industrial Average (DJIA) liked the numbers being up 2.33% on the week.
Which brings me to my mantra. Nothing goes up in a straight line and nothing goes down in a straight line. Stay with the trend.
Until next time…