Yataki Takaki "Weekly Gold Market Outlook" October 17, 2022 issue

Kobayashi Takaki, the representative director and President of Investment Daily Co., Ltd., and a master of cycle analysis, writes a weekly report on gold market outlook.

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The U.S. Consumer Price Index (CPI), which now has a greater impact on the market than employment statistics, is an important indicator in determining U.S. monetary policy. Because gold moves inversely to the dollar, it also attracts attention.

The Labor Department announced on the 13th that the September CPI (seasonally adjusted) rose 8.2% year over year, higher than market expectations of 8.1%. As a result, the market re-recognized the expectation that the Federal Reserve would continue with substantial rate hikes, and the 10-year Treasury yield has surged above 4%.

The upward trend since August has not broken. In this column, we had expected interest rates to ease somewhat by year-end, but there are still no signs of that.

Please refer to the PDF for the continuation.

【Takaki Kobayashi – Profile】

Graduated from Kwansei Gakuin University, Faculty of Economics. In 1995, partnered with the world-renowned American market analyst Raymond Meriman, and issued Japan’s first market cycle and astrology report. He is well known for his cycle and astrology-based market analysis. Representative Director of Investment Daily Co., Ltd., Representative Director of Investment Daily Publishing Co., Ltd., Director of Wakabaya FX Associates Co., Ltd., Member of the Japan Technical Analysts Association, Editor-in-Chief of Investment Daily Alpha.

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