Gold's Lid May Be Loose

GoldFix · Sep 11, 2024 · 5m

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Housekeeping: Good Morning.

Gold revaluation is a process not an event

Today:

* Premium Analysis: CPI Prep: The "Possible Tiebreaker"

* News: Debate Data

Premium Analysis: CPI Prep: The "Possible Tiebreaker"

* HEADLINE CPI expected

* 3.2% YoY. (same as July)

* equals +0.2% M/M

* CORE CPI expected

* 2.5% YoY, (down from 2.9% in July)

* equals +0.2% M/M

Wall Street has a good handle on CPI this month (see dispersion of predictions chart) Therefore they believe CPI should not change expectations one way or the…