Gold prices jump to session highs at $2050 an ounce as U.S. annual CPI rises 4.9% in April; less than expected

Gold prices jump to session highs at $2050 an ounce as U.S. annual CPI rises 4.9% in April; less than expected

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The gold market has jumped to session highs as headline consumer inflation pressures cool more than expected in April, even as core inflation remains stubbornly elevated. Wednesday, the U.S. Labor Department said its much-anticipated Consumer Price Index rose 0.4% last month after increasing 0.1%…

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