Top Stories This Week: Inflation Data Not Telling Whole Story, Kazatomprom's Uranium Update

Top Stories This Week: Inflation Data Not Telling Whole Story, Kazatomprom’s Uranium Update

INN’s top stories this week include inflation comments from Nick Barisheff of BMG Group and an update from uranium producer Kazatomprom. Top Stories This Week: Inflation Data Not Telling Whole Story, Kazatomprom’s Uranium Update

The gold price trended upward in the second week of the new year, nearly reaching the US$1,830 per ounce mark at some points during the period.

The metal had slipped a little lower by Friday (January 14) afternoon to rest at about US$1,815.

New inflation data was released Wednesday (January 12), with reports indicating that the Consumer Price Index jumped 7 percent in 2021 , marking the biggest 12 month increase since 1982.I heard from Nick Barisheff of BMG Group after the news, who reminded investors that official statistics don’t always tell the full story — for example, if inflation was calculated the way it was in 1980, it would be at 15 percent. "Although […]

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