Latest / Inflation Explained with Fexingo: CPI, Prices, and the Cost of Living for Everyday People
Why Gold Is Surging Even as Inflation Shows Signs of Cooling
Inflation is still running hot at 4.2 percent annually, but core measures are starting to soften. Yet gold, the classic inflation hedge, has rallied more than 6 percent in just the last five trading days, hitting a fresh high near $4,355 an ounce. Lucas and Luna dig into the disconnect: why investors are piling into the metal even as the Fed holds rates steady and the ten-year breakeven rate barely budges. They trace the action from the gold ETF, GLD, up 6 percent in a week, to the miners in GDX, which have surged an eye-popping 17.7 percent. The real driver, they argue, isn't…
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