Gold price increased sharply to set a record
The August CPI report showed that core US inflation remains high, which is unlikely to prompt the Fed to cut interest rates by 50 basis points.
Inflation has not fallen as expected, and if the Fed cuts by 50 basis points next week, it will mean that the US Central Bank is surrendering to inflation.
Most economists participating in the survey believe that the Fed will cut interest rates by 25 basis points. Only 9 out of 101 economists predict the Fed will cut by 50 basis points.
Inflation has not fallen as expected, and if the Fed cuts by 50 basis points next week, it will mean that the US Central Bank is surrendering to inflation.
Most economists participating in the survey believe that the Fed will cut interest rates by 25 basis points. Only 9 out of 101 economists predict the Fed will cut by 50 basis points.
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BUY XAU 2569
TP1: 2576
TP2: 2583
SL: 2562
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