Latest / Inflation Explained with Fexingo: CPI, Prices, and the Cost of Living for Everyday People
Why Gold Is Surging Despite Cooling Inflation
In Episode 24 of Inflation Explained, Lucas and Luna dig into the paradox of record gold prices alongside easing CPI. As of June 1, 2026, gold sits at $4,548 an ounce, up 2.3% in five days, while core PCE inflation has cooled to 3.3% annually. Lucas explains that gold is no longer just an inflation hedge—it's now a geopolitical risk premium, a hedge against fiscal instability, and a bet on central bank buying. Luna questions whether retail investors are piling in at the top, and they discuss how the Iran conflict has added a persistent tailwind. With gold miners like those in the GDX…
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