The falling gold price is the market waiting for the referendum from the US Federal Reserve (Fed) on September 19-20. Recently, the market forecast that the Fed will not raise interest rates between now and the end of 2023.
However, some experts get the opposite trend. Because they think that the core utilization and improvement data of the US has not yet allowed the Fed to stop raising interest rates.
Specifically, the US inflation index (CPI) in August increased again, as the personal consumption index (PCE) in August increased by 3.3% over the same period last year, 3% higher than in July. August core PCE in the US removed food items, oil increased 4.2% year-on-year and increased by more than 4.1% in July, more than double the target of 2 %.
Meanwhile, the number of new jobs in the non-agricultural sector increased from 157,000 in July to 187,000 in August, and the unemployment rate remained low.
However, some experts get the opposite trend. Because they think that the core utilization and improvement data of the US has not yet allowed the Fed to stop raising interest rates.
Specifically, the US inflation index (CPI) in August increased again, as the personal consumption index (PCE) in August increased by 3.3% over the same period last year, 3% higher than in July. August core PCE in the US removed food items, oil increased 4.2% year-on-year and increased by more than 4.1% in July, more than double the target of 2 %.
Meanwhile, the number of new jobs in the non-agricultural sector increased from 157,000 in July to 187,000 in August, and the unemployment rate remained low.
✅TP1: 1936
✅TP2: 1942
🚫SL: 1921