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Drafting budget 😁 — MAYHEM MEL NEWS — TG.ME

MAYHEM MEL NEWS@Justmayhem · 11K subscribers Open in TelegramOpen

☝️ Drafting budget 😁

t.me/Justmayhem/58426

8

September 8, 2026 628 2

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Gold price forecast: XAU/USD holds around $4,400, but for how long? XAU/USD Current Price: $4,398 - The Middle East conflict keeps financial markets in risk-averse mode. - Investors bet the US Federal Reserve will hike interest rates in September. - XAU/USD is trading range-bound, although the risk skews to the downside. - Gold attempt to regain its bullish momentum faltered around $4,700, with the precious metal now struggling to retain the $4,400 mark. The XAU/USD pair peaked in late August amid reduced speculation that the United States (US) Federal Reserve (Fed) would hike interest rates in September. https://www.fxstreet.com/analysis/gold-price-forecast-xau-usd-holds-around-4-400-but-for-how-long-202609081606?utm_source=onesignal&utm_medium=push&utm_campaign=gold 510·Sep 8 https://youtube.com/shorts/reoFlA3gM_0?is=QT_CRkFjX6s1IM0L 453·Sep 8

Date/Time SEPTEMBER 9, 2026 USA Wed. 8:30 pm EDT Australia Thursday 10:30 am AEST NOTE TIME CHANGE!!! ☝️☝️ Please join Mel for updates & comments. followed by Q&A - if time allows For entertainment purposes only https://t.me/Justmayhem 601·Sep 8 https://youtu.be/f8H79JLOPDo?si=mQ1lByhJHp-EKpxF 547·Sep 8

The IMF’s boost to China’s currency is costing the world, ten years later A decade ago, the International Monetary Fund (IMF) agreed to include China’s renminbi in the basket of currencies that underlie its special drawing rights (SDRs). What may sound like a monetary technicality to some was a milestone event: by elevating China’s currency to a status accorded only to the US dollar, euro, British pound, and yen, the international community gave China a unique seal of approval. In terms of its long-term consequences, however, the international community’s decision was dubious and hotly debated even in 2016. And today, there is a growing sense that it may have planted the seeds for a more fragmented global monetary system. Keeping a lid on Despite China’s place as an emerging trading power, the renminbi in 2016 was no more important in government reserves than the Canadian and Australian dollars. Among tradable currencies, it had only a minor presence. https://www.atlanticcouncil.org/blogs/econographics/the-im 629·Sep 8

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