Oil and Metals Rally as Markets Assess Inflation Data

US producer prices for January suggest inflation pressures may be building, as both headline PPI (2.9% vs Street 2.6%) and core PPI (3.6% vs Street 3.0%) came in above expectations. Metals are surging this morning. Platinum is up 7.7%, while Silver is up 4.3%, Copper is up 2.1%, and Gold is up 1.0%. While hard […]