Yup. Definitely gold negative. Rigged US inflation figures rising ONLY "twice as much as anticipated." Yup. Definitely negative for gold in these "managed" markets where black is white and white is black.
U.S. Consumer Prices Rose More Than Forecast in July
By Shobhana Chandra
Aug. 14 (Bloomberg) -- U.S. consumer prices climbed more than forecast in July, reducing the ability of the Federal Reserve to lower interest rates should the economic slowdown deepen.
The consumer price index climbed 0.8 percent, twice as much as anticipated, the Labor Department said today in Washington. The cost of living was up 5.6 percent in the year ended in July, the biggest jump in 17 years. So-called core prices, which exclude food and energy, also rose more than projected.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aL2cNvLZtzMg&refer=home
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