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Rising economic fears weakening inflation’s stranglehold on gold prices - CRU
The renewed chaos in the Middle East has once again reignited inflation fears, pressuring gold as investors price in the prospect of higher interest rates. However, one precious metals analyst argues the market is approaching a tipping point where investors begin worrying less about inflation and more about the stability of the global economy—a shift that could reignite safe-haven demand for bullion. In an interview with Kitco News, Kirill Kirilenko, Lead Precious Metals Analyst at CRU, said the gold market remains caught in a familiar tug of war: Higher oil prices lift inflation expectations, pushing bond yields ... (full story)
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