It’s been a wild ride for gold this past few weeks and the latest moves highlight just how much uncertainty there is in the markets right now. The yellow metal saw incredible support earlier this month as inflation indicators flashed and central banks pushed back against accelerating their policy response. The transitory claim was starting to fall on deaf ears and that worked out well for gold, a traditional inflation hedge. Low real yields continued to be supportive for gold prices as long as policymakers remained dovish and the data remained good but not great. With the data improving, gold started to run out of ... (full story)