Hot Inflation is Driving Silver and Gold Investment ($AGUSD, $AUUSD)

The Bureau of Labor Statistics’ September CPI report showed a +5.4% YoY increase in consumer prices for the month…Yesterday’s release marked the 5th consecutive CPI print above 5% YoY, lending further credence to mounting inflation fears. Silver & Gold both surged higher in reaction to the news -- LikeFolio data confirms that investors’ demand for precious metals is on the rise. Consumer Mentions of buying or investing in precious metals (gold, silver, and platinum) have shown significant strength in recent months, up +16% QoQ and +42% YoY on a 30-day moving average.