The Fed, Bank of Japan and Bank of England are in focus this week. We review expectations reported on September 13 and explain how real yields, the dollar and currency translation can jointly affect gold.
Saudi Arabia temporarily shut its East-West oil pipeline as a precaution after a drone attack. We separate reported facts from analysis of the possible oil, inflation, rates and safe-haven channels to gold.
Austrian central bank governor Martin Kocher said the ECB might need another rate increase if oil remains near $100 through year-end. It is a conditional individual view, not a committed ECB decision.
An original analysis of the August US CPI release published on September 11: inflation, interest rates, the dollar and the pitfalls of comparing different gold prices.
In August, the Consumer Price Index for All Urban Consumers rose 0.4 percent, seasonally adjusted (SA), and rose 3.4 percent over the last 12 months, not seasonally adjusted (NSA). The index for all items less food and energy rose 0.3 percent in August (SA), up 2.4 percent over the year (NSA).