Gold prices retraced back to the resistance/support line, closing last week at $1,648.90 per ounce. Consumer prices rose 0.4% in September and were up 8.2% from a year ago, according to U.S. Bureau of Labor Statistics data released Thursday (October 13). Excluding food and energy, the core consumer price index (CPI) climbed 0.6% in September and 6.6% from a year ago. The yearly gain for the core CPI was the highest since August 1982, says CNBC . Various analysts have described the fallout from the report. Jim Caron from Morgan Stanley Investment Management told Bloomberg TV, “It is brutal. ... The issue now is that inflation has moved from the goods sector and has permeated into the services sector.