Housekeeping: Good Morning
Featured Analysis:
The US is No Longer Trusted in Gold Custodianship
Why did the Netherlands move 86 tonnes of gold away from North America, and what does the shift reveal about growing distrust in US gold custody?
Russia is Selling Gold. Guess Who is Buying it
Nearly 100 tonnes of Russian gold have poured into Hong Kong this year, accelerating bullion’s eastward migration and raising new sanctions risks for Western banks and refiners.
In Other News:
Data on Deck: CPI
MONDAY, SEPTEMBER 7
Labor Day, US markets closed
TUESDAY, SEPTEMBER 8
6a NFIB Index of Small Business Optimism (Aug.) (prev 99.8)
3p Consumer Credit (Jul.) (prev 14.2B)
WEDNESDAY, SEPTEMBER 9
No major US releases
THURSDAY, SEPTEMBER 10
8:30a Weekly Jobless Claims (Sept. 5) (prev 206K)
8:30a PPI (Aug.) (prev 0%)
8:30a Ex-Food & Energy PPI, M/M% (Aug.) (prev 0.2%)
8:30a PPI, Y/Y% (Aug.) (prev 4.7%)
10a Monthly Wholesale Trade (Jul.) (prev 0.2%)
10a Existing Home Sales (Aug.) (prev 4.1M)
FRIDAY, SEPTEMBER 11
8:30a CPI (Aug.) (prev 0.1%)
8:30a Core CPI, M/M% (Aug.) (prev 0.2%)
8:30a CPI, Y/Y% (Aug.) (prev 3.4%)
8:30a CPI Core, Y/Y% (Aug.) (prev 2.5%)
10a U. Michigan Prelim Consumer Survey (Sep) (prev 51)
2p Monthly Treasury Balance (Aug.) (prev -432B)
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