The upcoming release of CPI data is prompting a return to rate cut trades in gol

Why is gold suddenly "hot" again?

Speaking of which, the sudden popularity of gold can be attributed to the disappointing economic data from the United States. Last Friday, when the non-farm payrolls data was released, it was much lower than everyone expected, causing a stir in the market with worries that the U.S. economy might be heading into a recessionary quagmire. This concern was significant, and the U.S. stock market immediately wilted, falling as miserably as a frostbitten eggplant.

However, the market's mood is as fickle as the weather in June, changing on a dime. Last night, when Apple held its new product launch event, it was a lively scene that also boosted the stock market, which soared upwards, instantly igniting market sentiment. Gold, too, caught the festive spirit, halting its downward trend and starting to climb upwards.

What's next for gold? We need to keep an eye on these "big plays."

The future trajectory of gold will depend on how several key players perform. First up is the U.S. presidential debate on Wednesday, a place filled with tension where any sparks between the two candidates could make the market tremble.

Let's also talk about the U.S. CPI and PPI data, especially the CPI, which is a barometer for the Federal Reserve's interest rate decisions. The market is currently hoping for a rate cut from the Fed, although most are saying a 25 basis point cut would be about right, the exact amount will still depend on the CPI data. If this data is released, regardless of whether the Fed cuts rates by 25 or 50 basis points next week, market sentiment is likely to fluctuate again. As the leading safe-haven asset, gold will naturally follow the market's mood, with a strong support continuously.

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Gold investment, we seniors must also keep up with the times.

Old friends, although we are getting older, we cannot fall behind in investing. Look at gold, it has been a hard currency from ancient times until now, with excellent value preservation and appreciation. With gold prices being so strong in the market now, we might consider adding some gold to our financial portfolios.

Of course, investing carries risks, and we should be cautious when entering the market. When buying gold, we should also take it easy and not invest everything at once. We can learn from the young people, try the waters with a small amount of money, and see how deep the market is. If it feels right, then gradually increasing the investment is not too late.

Additionally, we can pay more attention to news updates and economic data, so that we can better grasp the pulse of the market. Then, not only can we make money, but we can also brag to the younger folks: "Look at my gold investment, it's in sync with the market's pulse!"In summary, the gold market is becoming increasingly lively. We elderly folks must also keep pace with the times and learn more about investment knowledge. After all, we must guard our own money bags well! I hope we can all reap a bountiful harvest in this golden September!