Latest / The Commodities Economy with Fexingo: Oil, Gold, Wheat, and Raw Material Markets
How Gold Is Surging Past 4000 While Inflation Cools
Gold has broken decisively above $4,000 per ounce in July 2026, even as CPI and core inflation readings show a clear cooling trend. Lucas and Luna unpack the surprising disconnect: why the yellow metal is rallying when real yields are not falling and the dollar is stable. They trace the story to two forces: central bank buying, which hit a record 1,037 tonnes in 2025 and shows no sign of slowing, and a structural shift in investor demand driven by geopolitical uncertainty and de-dollarization. The hosts examine how countries like China, Poland, and India are diversifying reserves away from US…
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