Gold is an Inflation Hedge Asset

Kon How
2022-10-04

Gold is still considered to be an inflationary hedge asset against currencies, including the US Dollar. If you are studying the day-to-day movements, many will miss it. However, if viewed from the macro perspective, Gold is clearly a winner.

According to Bloomberg, with Truss Budget Shocks last week, brokerages see surge in demand from British retail investors and London gold dealers run out of bullion.

The real danger will be with the continuous rise in interest rates and yet the dollar starts weakening, just like the pound. Not happening now, I am keeping watch on this closely.

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$Gold - main 2212(GCmain)$$Gold - Dec 2022(GC2212)$$Blackrock World Gold Fund A2 USD(LU0055631609.USD)$

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Modified in.2022-10-14
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Comments

  • Remotecam
    2022-10-05
    Remotecam
    gold trending upwards?
  • JaydenSee
    2022-10-05
    JaydenSee
    👌
  • RJR
    2022-10-05
    RJR
    Great
  • bb_ray
    2022-10-05
    bb_ray
    nice
  • phng
    2022-10-05
    phng
    Good
  • Teong
    2022-10-05
    Teong
    [财迷][财迷][财迷]
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