News Wrap - July 15

U.S. consumer prices rose at a higher than expected 0.7 percent pace in June, mostly due to soaring gasoline prices and the core measure of inflation remained relatively tame, government data on Wednesday showed.

The British unemployment rate rose to 7.6% in the three months ending in May, rising from 6.7% in the previous three-month period and from 5.2% in the same period last year, the Office for National Statistics reported Wednesday. The total number of unemployed rose 281,000 from the previous three months to 2.38 million, marking the largest quarterly increase in the number of unemployed people since comparable records began in 1971, the ONS said

Crude oil remains in $60 range, Gold reclaims 2 week high tops $930.