
Wall Street bullish as ever after gold maintains its gains, Main Street more cautious ahead of Fed rate decision
The latest Kitco News Weekly Gold Survey showed Wall Street sentiment remaining overwhelmingly bullish ahead of the expected Fed rate cut, while Main Street investors reined in their bullish sentiment after gold’s recent gains.

Gold rally indicates ‘something big is happening beneath the surface’ – Morgan Stanley’s Gower
(Kitco News) – Gold is more than just a safe haven, and its price action is telling investors a great deal about the state of the global economy and financial markets, according to Amy Gower, Metals & Mining Commodity Strategist at Morgan Stanley.

Disappointing US labor market data continues to support higher gold prices
(Kitco News) - The U.S. labor market can’t find any solid footing and is hit with more bad news as the number of American workers applying for first-time benefits rose more than expected last week.

Gold shoots into positive territory as headline CPI rises more than expected in August
(Kitco News) - The gold market is trading in positive territory above $3,640 per ounce after U.S. inflation pressures rose more than expected last month.The Consumer Price Index (CPI) rose by 0.4% last month after July’s 0.2% increase, the U.S. Bureau of Labor Statistics announced on Thursday. The inflation data was hotter than expected, as economists were looking for a 0.3% increase.The report noted that headline inflation rose by 2.9% over the last 12 months, in line with economists’ expectations, following the 2.7% reported in July.