GOLD and FOMC
Hello human. Gold price remains upbeat ahead of FOMC minutes ❤️
For US producer inflation, investors expect monthly headline PPI to expand at a slower pace of 0.4% against 0.7% recorded in August. The core PPI is seen growing at a steady pace of 0.2% in the same period.
On an annualized basis, headline PPI is foreseen steady at 1.6%. The Core PPI accelerated marginally to 2.3% against the former reading of 2.2%.
Interest rates do not increase => GOLD prices increase
For US producer inflation, investors expect monthly headline PPI to expand at a slower pace of 0.4% against 0.7% recorded in August. The core PPI is seen growing at a steady pace of 0.2% in the same period.
On an annualized basis, headline PPI is foreseen steady at 1.6%. The Core PPI accelerated marginally to 2.3% against the former reading of 2.2%.
Interest rates do not increase => GOLD prices increase
Transaction en cours
🟢 Though that was a bit lower than the August reading, it was above Wall Street estimates and took the 12-month PPI rate to 2.2%, its highest since April and above the Fed’s coveted 2% annual inflation target.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.