U.S. Treasury yields struggle to curb the long-term bullish trend! Industry experts predict gold prices will break the "5,000 mark" within a year.
① Conference delegates expect gold prices to surpass the $5,000 mark in one year, averaging $5,013.30 per ounce; ② Global debt issues—previously regarded by the market as a negative factor—emerged as a recurring theme throughout the conference.
Wall Street giants weigh the decisive implications of next week's U.S. CPI: Will the Fed hold steady in October?
Both Barclays and Morgan Stanley forecast that the September core CPI month-over-month increase will ease from August's 0.29% to 0.24%, primarily due to a deceleration in the rise of wireless communication service prices. While energy continues to push up overall inflation, underlying price pressures have moderated marginally, providing grounds for the Federal Reserve to hold steady in October.
Trump: The United States will not attack Iran before the midterm elections
① On Thursday, local time, U.S. President Trump stated that the United States would not launch an attack on Iran before the midterm elections on November 3; ② Trump also said that the U.S. naval blockade of Iran "will remain fully in effect," and that the United States is engaged in "productive discussions" with Iran.
Express News | Trump said the U.S. and Iran are engaged in productive discussions and will not attack Iran before the midterm elections.
We are engaged in productive discussions with the Islamic Republic of Iran. Let me make one thing clear to everyone: despite Iran's dire economic and military situation, and notwithstanding the fact that the blockade remains fully in force—with oil flowing through the Strait of Hormuz at record-breaking volumes (22 million barrels just last night, none of which originated from or was destined for Iran!)—we will not launch an attack on Iran at any time before the U.S. midterm elections on November 3. Iran will not acquire nuclear weapons!
Federal Reserve Governor Waller: Rate hikes do not need to be implemented at consecutive meetings, and the dot plot indicates that interest rates will be cut after a hike in early 2027.
Federal Reserve Governor Christopher Waller stated that further interest-rate hikes are still needed to bring inflation back to the 2% target, though they need not be implemented at every subsequent meeting. He expects the 2027 dot plot to likely depict a path of rate increases early in the year followed by cuts, adding that investment in AI infrastructure and energy shocks have made inflationary pressures more persistent, while the U.S. economy is strengthening in the second half of the year.
Spot gold briefly dipped below the 4,100 mark—has the safe-haven appeal been eclipsed by high-yielding U.S. Treasuries?
Middle East tensions have pushed oil prices back above $100, but risk-aversion sentiment has failed to support gold. Caught between rising inflation expectations driven by higher oil prices and U.S. Treasury yields nearing 20-year highs, spot gold plunged on Wednesday, falling below the $4,100 mark.