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Gold/Mining/Energy : Gold Price Monitor
GDXJ 114.30-0.5%Dec 12 4:00 PM EST

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To: Enigma who wrote (52386)5/6/2000 12:06:00 AM
From: Rarebird  Read Replies (1) of 116814
 


NEW YORK, May 5 (Reuters) - The Economic Cycle Research
Institute's (ECRI) monthly U.S. future inflation gauge rose to an 11-year high of 124.7 in April from a downwardly-revised 123.3 in March, the institute said on Friday.

The annualized growth rate climbed to 14.1 percent in April from 13.7 percent in the prior month.

According to the report, the gauge moved upward in April due to stronger job growth and increases in real estate loans, which reached a 12 year high. In addition, more purchasing managers reported slower deliveries.

A narrower yield spread was partly offset by a sharp drop in the growth rate of the survey's industrial price index, the report said. The insured unemployment rate fell to a record low for the seventh straight month, the survey noted.

The report said that overall, the global economic expansion is raising import price inflation, and the U.S. economy continues to power ahead in the face of higher interest rates from the Federal Reserve.
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