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The Trend Of Precious Metals Continues To Improve / The Market Expects The US Employment Report In September To Be Better Than The Previous Month

The Trend Of Precious Metals Continues To Improve

Gold and silver continued to rebound. The price of gold has now reached the position of US$1,763.44, while the price of silver has rebounded to US$22.66. Because precious metals were supported by three inflation data from the United States and Europe last week, these three-inflation data refer to the fastest rise in the price of imported goods in Germany in September in 40 years, the inflation data in the euro zone reached a 13-year high in September, and the United States Inflation remained at a 30-year high in August. The US debt ceiling crisis promoted strong risk aversion, helping precious metals to resist the dollar and US bond yields. The core PCE is the Fed’s preferred inflation data. In August, the core PCE price index of the United States increased by 3.6% annually at a 30-year high. Analysts believe that the data shows that the Fed’s exit time is approaching. The initial value of the Eurozone Consumer Price Index (CPI) rose 3.4% year-on-year in September, which was more than the expected increase of 3.3%. Among them, energy soared by more than 17% year-on-year. During the period, the core CPI, excluding energy and food, rose 1.9%, which was 2008 The fastest growth rate since.

The Market Expects The US Employment Report In September To Be Better Than The Previous Month

In terms of economic figures, the entire market is waiting for the September employment report released by the United States this Friday (8th). The market estimates that non-agricultural jobs in the United States increased by 513,000 in September. If it is true, although this figure is better than the 235,000 in August, it is still a weak figure. However, the Federal Reserve Commissioner Powell once said that as long as the employment figures in the United States have "ideal" growth, they need not be too strong. The Fed will also start to reduce debt purchases at the November interest rate meeting.
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