COMEX Gold Steadies near $2550/oz, Holding Two Day gains, supported by growth concerns ahead of US inflation report
As per Bloomberg estimates, US CPI and Core CPI both rose 0.2% in August following similar advances in July
WTI Crude attempts a recovery after slipping to $65.13/bbl yesterday on demand concerns from the US and China and speculative selling
US oil demand growth is forecast to plateau this year, in the latest bearish indicator for the market, according to EIA
LME base metals see a modest recovery on softer dollar, but sharp upside unlikely as Chinese data offers more evidence of weakening domestic demand
Chile lowered its annual copper production forecast for a second straight time as setbacks at mines and projects restrain growth in the world’s biggest supplier of the metal (Bloomberg)
Today, US CPI numbers will be in focus and another month of muted increases might keep the debate over a 25 or 50 bps cut unresolved
