At the time of writing gold was higher on the day thanks to weakness in US dollar, in what has been a rather quiet week so far. Despite its recent sharp recovery, question marks remain as to whether gold will be able to rise significantly from here. Although the case for peak inflation has grown, the fact that interest rate increases are not yet pausing in the US and elsewhere means holding gold is still an opportunity cost for foregoing fixed interest you would earn by holding government debt. Among the Fed officials who have spoken in recent days, their message has all been similar – i.e., that their fight against ... (full story)