Looking to invest in gold? U.S. News has an article that explains why the price of gold is down, a brief history of the yellow metal as an inflation hedge, and how you can invest right now. You will find that article below. In other news, new data shows that the consumer price index rose 8.3% in August from a year ago. Prices climbed 0.1% in the one-month period from July.

U.S. News/Matt Whitaker
How to Invest in Gold as an Inflation Hedge

At first glance, gold might not seem to be that great of an inflation hedge these days. After moving above $2,000 an ounce in March, the precious metal has lost ground even as consumer prices have risen at their highest pace since the 1980s.

Despite its short-term weakness, digging a little deeper shows why gold, an element that has transfixed humankind for thousands of years, can serve as a strong store of value over the long run.

“Gold has proved, over hundreds and even thousands of years, to be a reliable store of value,” says Fergus Hodgson, director of Econ Americas, a financial consulting firm. “In other words, whatever events happen, gold has a robust value that stays relatively consistent over time in terms of its purchasing power.”

You can keep reading, here.

CNN Business/Nicole Goodkind
The Fed is fighting inflation. Could deflation be its next battle?

Federal Reserve Chairman Jerome Powell has a big problem, and he can’t do anything about it.

Gasoline prices in the United States, which have fallen for 87 consecutive days, are expected to have driven a slight decline in prices in August compared to July, according to analyst estimates for inflation data scheduled for release Tuesday.

That’s good news for cash-strapped consumers. But a drop in prices isn’t causing everyone on Wall Street to cheer. Some are starting to use the “D” word: deflation, another form of price instability that’s bad for the economy.

Continue reading, here.

Fox Business/Megan Henney
The stock market is poised for a swift 20% sell-off by mid-October with recession increasingly likely, Guggenheim’s Scott Minerd says

Inflation rose more than expected in August, continuing to create severe financial pressure for U.S. households even as the cost of gasoline fell.

The Labor Department said Tuesday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 8.3% in August from a year ago. Prices climbed 0.1% in the one-month period from July.

Those figures were both higher than the 8.1% headline figure and 0.1% monthly decline forecast by Refinitiv economists, likely a worrisome sign for the Federal Reserve as it seeks to cool price gains and tame consumer demand. Stock futures tanked on the surprisingly hot report, with the Dow Jones Industrial Average down more than 400 points on fears of an increasingly aggressive Fed.

You can keep reading, here.

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