Gold has been languishing in a range of US$ 1,807 – 1879 for seven weeks as rising interest rates and inflation expectations weigh against the perceived safe-haven status of the yellow metal. Most global central banks are lifting rates at the fastest pace in generations to combat wealth bleeding inflation readings and rein in ultra-loose monetary policy. There is little doubt that supply chain shocks have contributed to the rapid prices rises, but if consumers have more money than would otherwise be the case, then competition to pay more for goods is exasperated. A significant threat for central banks is when ... (full story)