Market Outlook
The Appeal of Gold as an Inflation Hedge: Ole Hanson, Saxo Group
Gold’s ability to defy gravity amid rising US real yields continues & so far, any weakness below $1800 has quickly attracted fresh buying. As the headline suggests we see part of the renewed demand for gold being driven by investors seeking a hedge against inflation & not least against the current optimistic view that central banks will be successful in bringing down inflation.
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