A lackluster week beckons gold as focus shifts to Fed, BoE, BoJ policy outcomes
The annual inflation rate in the US accelerated for a second consecutive month, reaching 3.7% in August, up from 3.2% in July. The surge in oil prices over the past two months, coupled with waning favorable base effects from the previous year, contributed to the rise in inflation. Meanwhile, the core inflation rate moderated for the fifth consecutive month to 4.3%, aligning with market expectations.
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