Save US PPI vs. Gold
Producer Price Index (PPI) reflects changes of production costs and is usually seen as a leading indicator for CPI.
When consumer price rises, it's likely to bring inflation up. Increasing inflation suppresses domestic purchasing power and devalues money. In order to fight inflation and save investment, investors turn to gold. Gold price, therefore, has a positive correlation with consumer price.
US Producer Price Index (YoY, L)2022-0521.48 %
Gold Futures Price (R)2022-07-051,811.20