The global economic landscape is facing significant volatility, from inflation in the U.S. to geopolitical instability. Below are the key developments regarding inflation and gold prices, two crucial factors drawing attention recently.

🌎 U.S. Inflation Situation

September inflation in the U.S. rose by 2.4%, surpassing forecasts and putting pressure on the Democratic Party ahead of elections.
Although the current inflation level has returned to where it was when President Biden took office, the cost of living remains a significant concern for the public. Controlling inflation will pose many challenges due to ongoing fluctuations in economic indicators.
The Fed is considering reducing interest rates, but instability in economic data necessitates caution. Inflation is expected to persist and continue to influence monetary policy decisions in the future.

💰 Forecast for Strong Gold Price Increase

Gold prices are predicted to reach $3,000 by the end of the year if Middle Eastern conflicts escalate. Factors such as geopolitical instability and a global debt crisis are supporting the surge in gold prices, which have already increased by nearly 30% this year.
However, if tensions ease, gold prices could adjust downward by 10%. Demand for gold is expected to remain high as countries seek alternatives to the USD amid global financial instability.

Conclusion

Current economic developments, from U.S. inflation to soaring gold prices, are shaped by global uncertainties. The Fed’s monetary policy and fluctuations in the geopolitical landscape will continue to be significant factors affecting the market in the near future.