富格林：欺诈套路从容应对 7月PCE曝光通胀态势

Core Viewpoint - The recent dismissal of Federal Reserve Governor Cook by President Trump has raised concerns about the independence of the Federal Reserve, leading to increased demand for gold as a safe-haven asset, pushing its price to a two-week high [1][4][5]. Group 1: Market Reaction - On August 26, gold prices surged to $3,393.7 per ounce, marking a 0.83% increase and reaching a two-week high due to heightened safe-haven buying [2]. - The market's expectation for a rate cut in September has risen to over 87% following Trump's actions, indicating a strong sentiment for monetary easing [5][8]. Group 2: Political and Economic Context - Trump's dismissal of Cook is seen as a direct challenge to the Federal Reserve's independence, reflecting his dissatisfaction with the Fed's cautious stance on interest rate adjustments [4][5]. - The ongoing trade tensions, including threats of new tariffs on advanced technology and semiconductors, are contributing to market uncertainty and further supporting gold prices [6]. Group 3: Upcoming Economic Indicators - Key upcoming economic data, including GDP and PCE inflation reports, are expected to influence gold prices significantly, with the core inflation rate projected to rise to 2.9% by the end of 2023 [8]. - If economic data confirms weakness, it could further increase the likelihood of rate cuts, potentially pushing gold prices above the $3,400 mark [8].