TSX:GMTN - Post Discussion
Post by
GoldenPolarBear on Dec 11, 2024 11:09pm
“ Gold Prices Surge as Inflation Continues Upward Trajectory
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Gold Prices Surge as Inflation Continues Upward Trajectory..."
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The November inflation report shows a 2.7% annual increase, marking a slight uptick from previous months. Core inflation, which strips out volatile energy and food prices, has been even more pronounced, rising 3.3% on an annualized basis. While the data aligns with economists' expectations, it signals a concerning direction for price pressures in the economy. Federal Reserve Chairman Jerome Powell has acknowledged the progress made since inflation peaked at over 8.5% in March 2022, but remains cautious about the current economic landscape. Speaking at a recent conference, Powell noted that economic growth is stronger than anticipated, and inflation continues to present challenges. The Fed's ultimate goal remains achieving a 2% inflation target, a benchmark that still seems distant given the current economic indicators.
The central bank is currently navigating a delicate monetary policy approach, with projections indicating the benchmark Fed funds rate will likely settle between 3.25% and 3.5% in the coming year. Recent policy meetings have seen the Fed implement rate cuts totaling 75 basis points, including a significant 50-basis-point reduction followed by a 25-basis-point cut...."
https://www.kitco.com/opinion/2024-12-11/gold-prices-surge-inflation-continues-upward-trajectory
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Gold prices could hit $3,000 per ounce in 2025, Goldman Sachs says..."
https://www.marketwatch.com/story/gold-prices-could-hit-3-000-per-ounce-in-2025-goldman-sachs-says-a1ff5c19
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