US Inflation is still sky high!

Clifford Bennett Independent Analyst

US Inflation was 5.3% in August. Barely a change from the previous two months at 5.4%. This is hardly positive news to get excited about. Core inflation is now running at a huge 4%. There is more inflation coming, as we see extremely high producer price rises sweeping the world.

Markets continue to look precarious. I am maintaining my US and Australian stock warning, as well as seeing Gold as the ultimate delta hedge of the moment. There seems little to save the Australian dollar at the moment with risk to 68 cents.

Author

Clifford Bennett

Independent Analyst

With over 35 years of economic and market trading experience, Clifford Bennett (aka Big Call Bennett) is an internationally renowned predictor of the global financial markets, earning titles such as the “World’s most a

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Gold regains upside traction and surpasses the $4,900 mark per troy ounce at the end of the week, shifting its attention to the critical $5,000 region. The move reflects a shift in risk sentiment, driving flows back towards traditional safe haven assets and supporting the yellow metal.

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