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DG365FD46564GFH654FU898 According to the recent producer price index report, which was published today, the PPI for finished goods in increased by 0.3% November compared to October. This report also serves as an indicator for the upcoming U.S core CPI to be published tomorrow, December 16th. The food index sharply rose by 1% during November; while the energy index only slightly inclined by 0.1% during the month. On an annual scale, the PPI inclined by 5.7% during the past 12 months The Producer Price index excluding food and energy slightly rose by 0.1% during November. This PPI ex food and energy is estimated to have a lagged negative linear correlation with gold price; i.e. as the PPI rises, gold price tends to decline the following day. Furthermore, the PPI excluding food and energy has a positive linear correlation with silver price. These relations are mainly via the changes in U.S dollar.
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