Last week was full of interesting economic data. We analyze them to show that gold bulls have to be patient. The data suggest that the US economy remains healthy. So far. On August the 24th, 2018, we published Gold News Monitor in which we wondered whether inflation has peaked. Now, we know the answer: it indeed peaked in July. The CPI has reached 2.7 percent in August over the last 12 months, a slowdown from 2.9 percent in the previous month, as one can see in the chart below. It was the first decline in annual rate in almost a year. The yearly change in the core CPI, which excludes food and energy, also decelerated ... (full story)