In a week that featured separate reports on January’s Producer Price Index (PPI), which rose to 9.8%, and the U.S. central bank’s ongoing inflationary concerns discussed at its most recent meeting, investors returned to gold, which rose over $1,900 at one point Tuesday, and other lower-risk assets. “The price of gold, seen as a safe haven in times of crisis, has risen by another 1.37% to $1,896 an ounce, an 8 month high,” Streeter wrote.
