Geopolitics Alpha

Gold Price Forecast: US Inflation Expected to Slow, October CPI May Support Gold Breaking Above $4,200

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GEOPOLITICS ALPHAGold Price Forecast: US InflationExpected to Slow, October CPI MaySupport Gold Breaking Above $4,200GEOPOLITICS ALPHA

This report is about gold and inflation and prices.

Directly affected

  • No company is named in this report.

Indirectly affected

  • GLD SPDR Gold Shares-5.1% 30d

    SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story.

  • GDX VanEck Gold Miners ETF-14.9% 30d

    VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story.

  • TIP iShares TIPS Bond ETF-0.3% 30d

    iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.

  • NEM Newmont-13.0% 30d

    Newmont (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.

  • AEM Agnico Eagle Mines-11.2% 30d

    Agnico Eagle Mines (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.

  • WMT Walmart+20.2% 30d

    Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

  • COST Costco Wholesale+14.1% 30d

    Costco Wholesale (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

  • PG The Procter & Gamble+11.5% 30d

    The Procter & Gamble (soap, detergents, cleang preparations, perfumes, cosmetics): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
GLD-5.34%-1.06%baseafter closeafter closeafter closeafter close
GDX-15.10%-6.24%baseafter closeafter closeafter closeafter close
TIP+0.06%+0.20%baseafter closeafter closeafter closeafter close
NEM-14.12%-4.30%baseafter closeafter closeafter closeafter close
AEM-16.72%-5.92%baseafter closeafter closeafter closeafter close
WMT-0.64%+1.67%baseafter closeafter closeafter closeafter close
COST-4.41%-0.01%baseafter closeafter closeafter closeafter close
PG-3.76%-0.78%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Gold Price Forecast: US Inflation Expected to Slow, October CPI May Support Gold Breaking Above $4,200 TradingKey

Source: TradingKey

This story

CompanyWhenMoveStatus
AEMthree days earlier-5.92%final price
AEMfive days earlier-16.72%final price
COSTthree days earlier-0.01%final price
COSTfive days earlier-4.41%final price
GDXthree days earlier-6.24%final price
GDXfive days earlier-15.10%final price
GLDthree days earlier-1.06%final price
GLDfive days earlier-5.34%final price
NEMthree days earlier-4.30%final price
NEMfive days earlier-14.12%final price
PGthree days earlier-0.78%final price
PGfive days earlier-3.76%final price
TIPthree days earlier+0.20%final price
TIPfive days earlier+0.06%final price
WMTthree days earlier+1.67%final price
WMTfive days earlier-0.64%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

This story

12 out of 100

“Gold Price Forecast: US Inflation Expected to Slow, October CPI May Support Gold Breaking Above $4,200” scores 12 out of 100. The score uses 1 sources.