Gold Mountain Mining Corp T.GMTN

Gold climbs ever higher 💥

[GoldenPolarBear]

Gold climbs ever higher 

"... The US dollar is moving ever higher in early European turnover after data yesterday showed that inflation in the US may be nudging higher. Last Friday’s PCE data came in as expected, but Monday’s ISM data showed that price pressures in the US may increase. The latest S&P Global US Manufacturing PMI showed that US manufacturing expanding further but the Prices Paid index also showed output price inflation quickening for the fourth month running.

According to Chris Williamson, chief business economist at S&P Global Market Intelligence, ‘“The final reading of the S&P Global Manufacturing PMI signalled a further encouraging improvement in business conditions in March, adding to signs that the US economy looks to have expanded at a solid pace again in the first quarter…..“The upturn is, however, being accompanied by some strengthening of pricing power. Average selling prices charged by producers rose at the fastest rate for 11 months in March as factories passed higher costs on to customers, with the rate of inflation running well above the average recorded prior to the pandemic. Most notable was an especially steep rise in prices charged for consumer goods, which rose at a pace not seen for 16 months, underscoring the likely bumpy path in bringing inflation down to the Fed's 2% target.”..."

https://www.dailyfx.com/news/us-dollar-rallies-eur-usd-slumps-gold-continues-to-push-ever-higher-20240402.html