【TMGM Financial Recap】Inflation Cooling Cannot Withstand the Energy Storm, Gold Prices Plunged 6.6% in September, Bull Market Comes to an End!
Gold prices gave back gains in September and closed lower on the monthly chart, falling 6.6%. Although US PCE inflation was lower than expected, lowering the probability of a Fed rate hike in October, the deadlock in US-Iran negotiations pushed up oil and energy costs, outweighing the positive factors. Economic resilience, rising long-term yields, and a stronger dollar are all weighing on gold prices!Read more
1 Oct 2026