Gold prices rose to their highest level since 2012 this week, climbing above $1,750 a troy ounce. The rally so far has hinged on investors’ belief that the Fed will successfully steer the U.S. economy away from deflationary shoals. Further increases also depend on them keeping that faith.
In the post-financial crisis period, the inverted relationship between real interest rates—nominal market rates, less expected inflation—and the price of gold has been fairly tight. But this year, the two have been joined at the hip.
No it doesn't. The short sighted desperate to cling to the status quo
Exactly. Don't fight the Fed. Who wins in a fight when one side has unlimited bullets?
People buying gold is concern for dollar and recession or depression. Fed often stockpiles gold. People buying gold not good sign. Can't read your article, I am sure.
Possibly not... gold miners, the only proxy for gold in the GreatDepression deflation because of 'gold standard', WENT UP; USA confiscated Gold, THEN jacked up price... or Gold and silver are the backstop, deflation/inflation
SeekingAlpha FT CMEGroup Hmm... Have you ever looked at the US debt clock? 🤔 Right now it shows that, based on the 1913 price, gold is worth $19,458 dollars per ounce. US debt clock shows gold and silver, being priced thousands of dollars more than priced in the markets
If the Fed succeeds inevitably PurchasingPower decreases and GoldFlourishes. We need a return to a CurrencyStandard which will PriceTimeProperly, and allow Billionares and MegaCorps to Fail. NoBailouts.
Wish my daddy would buy me gold! WheresMyDaddy
Fake news yet again.
PeakIrony LoL
All democrats must be voted out of office asap. They are enemies of the people.
Umm, no its 'farther', not 'further'.