Gold is falling because the US dollar just hit a 2026 high and Treasury yields are above 5%, so short-term traders are selling gold futures ahead of Wednesday’s US CPI. At the same time, gold ETFs bought a record $31 billion in Q3. Big money is buying the dip while fast money sells the rallies.
Why Is Gold Falling When Gold ETFs Are Buying a Record Amount? Read More »
Yes, the Fed is leaning toward another hike. Minutes of the September 15–16 meeting, released October 7, show most officials think one more rate increase will likely be needed by year end. That pushed the dollar up and gold briefly below $4,100, a two-month low, because higher rates make non-yielding gold less attractive.
Will the Fed Hike Again? What the FOMC Minutes Mean for Gold Read More »
Not dead, but badly wounded. August core PCE rose just 0.2% on the month and 3.0% on the year, below the 3.3% forecast. Add the weakest consumer confidence since 2014, and markets now price an October hike at roughly a coin flip or less, down from about 71% a week ago.
Did Cooler PCE Just Kill the October Fed Rate Hike? Read More »
The rupiah broke Rp18,000 per dollar on September 29 because US 10-year yields hit a 19-year high above 5.2%, Brent oil is above $100 on US–Iran tensions, and investors are uneasy about Indonesia’s budget. Money is leaving emerging markets for dollar assets, and Bank Indonesia is intervening to slow the slide.
Why Is the Rupiah Falling Past 18,000 Per Dollar? Read More »
