The expert, strategic and economic analyst, engineer Mohannad Abbas Haddadin, said that the US consumer price index CPI for the month of June came in at 3%, less than expected, which is 3.1%, after it was 3.3% in May, and this data will support what Jerome Powell,federal reserve chairman, stated: “We are getting close to a rate cut in september."
اضافة اعلان
Haddadin is asking:Why september and why the reduction two or three times in a sequence this year, each time being 25 points?
Does this have a relation with the upcoming US elections in november or is it a coincidence that the US economy is starting to improve?
Gold prices have begun to soar again, exceeding $2,420 per ounce, and has the upward marathon for gold begun until the end of the year, supported by demand from the central banks of the BRICS countries again, especially since the BRICS meeting is approaching, and there may be economic decisions affecting the dollar and gold, in light of shortage in gold globally, as the total of what the world owns in terms of bank reserves, what is used in industry, and what citizens own amounts to approximately 190 thousand tons, more than half of which is with citizens, and approximately one-fifth are reserves of central banks, and the rest is for investments and industries.
All of this does not prevent speculators in the gold market from making their profits during this period.
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