Gold Holds Decline as Jump in US Inflation Lifts Rate Hike Odds The recent surge in US inflation has sent shockwaves through financial markets, but one asset class seems to be taking it all in stride: gold.
At first glance, this stability might appear counterintuitive. With inflation soaring and interest rates potentially on the rise, one would expect gold to be rallying as a hedge against monetary tightening.
However, despite the ominous economic backdrop, gold prices have barely budged.