Thursday, September 16, 2010

Inflation expectations in Australia marginally accelerated, OSSI bought on the growth of gold

Inflation expectations of consumers rose in September to 3.1%, according to a regular study of the Melbourne Institute. The previous month inflation for the next 12 months was estimated at 2,8%. However, this acceleration can hardly count the bullish signal, because before that five consecutive months, this indicator decreased. As can be seen from the graph, at the moment waiting fluctuate within the levels that prevailed last year's total. To be fair to say that much of the past 12 months actively RBA tightened monetary policy. But do not forget that while prospects promised to accelerate growth both in Australia and around the world. Now the situation is somewhat different, as expected a marked deceleration in the dynamics and a significant part of this inhibition is already evident.
Nevertheless, the quotations Australian currency has an impact today, not so much internal statistics, but more certain recovery quotations gold traded near record highs. Soros interview with Reuters called highly probable that within the next two to three weeks we will see an adjustment on the metal after updating of historical peak.

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