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Us CPI rose 0.4 per cent in September to an estimated 0.3 per cent
Us CPI rose 0.4 per cent in September to an estimated 0.3 per cent. After the release of CPI data in the United States, spot gold and silver fluctuated little in the short term. Institutional review of US CPI data in September said that the US CPI rose more than expected in September, highlighting the persistence of inflationary pressures in the economy. Unprecedented shipping challenges, material shortages, high commodity prices and rising wages have pushed up costs for producers.
Goldman Sachs raised its target for the S & P 500 by the end of the year to 4700 from 4300.
Goldman Sachs strategists raised their S & P 500 point forecasts under the dual influence of better-than-expected earnings and lower-than-expected interest rates. Strategists, including David J. Kostin and Ben Snider, raised the S & P target by 9 per cent to 4700 from 4300 by the end of 2021, meaning the index still has 7 per cent room to rise from its current level. The target will be raised from 4600 to 4900 by the end of 2022. The S & P closed Wednesday at 4402.66. "We expect earnings growth to be the second half of this year.
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