Economic analyst Daniel Moss has warned of rising economic shocks and inflationary pressures affecting the global economy. US Consumer Price Index reached 3.4% year-over-year in July, with core CPI at 2.5%, both surpassing the Federal Reserve’s 2% target. Energy prices surged 14.7% over the year, contributing to persistent inflationary pressures. Against this backdrop of economic uncertainty, market participants are increasingly turning to gold as a safe haven, with a 7% probability of the precious metal reaching $4,700 per ounce by August 2026.
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