whats spiking gold?, page-5

CNN Money -

The U.S. trade deficit soared to a record $55.8 billion in June, the government reported, coming in far wider than economists had expected, as climbing oil prices led to a record level of imports.

The government's Producer Price Index, its report on prices paid by businesses, showed prices up 0.1 percent in July, compared with a 0.3 percent decline in June. That's slightly less than the 0.2 percent rise forecast by economists surveyed by Briefing.com. The so-called "core-PPI," which excludes often-volatile food and energy prices, also rose 0.1 percent rise, in line with economists' forecasts, but down from the 0.2 percent rise posted in June.