📡 DEVELOPING · ⚪ MIXED for gold
Australian inflation rising: 3 headlines in 90 min
🕒 Wed 28 Oct, 00:32 UK
• Australia's central bank governor says inflation will likely be higher than the August forecast
• Australia's prices rose 1.3% in three months, more than the 1.2% expected, and 4.3% over a year
• Australia's central bank governor says another sharp rise in oil prices will add to inflation pressure
💡 What it means: Australia's prices rose faster than expected and the central bank expects oil to push inflation higher, but that is not US news so the effect on gold is small.
⚪ 0 bullish, 0 bearish · Gold $4,064.40