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Gold’s 2025 Outlook: Secular Strength Amidst Potential Choppiness

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Housekeeping: Good Morning.

“The Gold reset is a process, not an event”

Today

* Discussion: CPI Prep

* Premium: Gold’s 2025 Outlook: Secular Strength And Potential Choppiness

Discussion:

Normalizing Higher Inflation

Goldman Sachs CPI Preview

We expect a 0.25% increase in December core CPI (vs. 0.2% consensus),corresponding to a year-over-year rate of 3.27% (vs. 3.3% consensus). There are three key component-level trends we expect to see in this month’s report.…[among those] we expect a slight acceleration in…

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