Gold Rising

Published on May 13, 2024 by Premium

The surprising surge in gold prices appears in part due to a structural shift in sovereign reserve allocation that looks to continue for years. The rise in gold prices is happening amidst a relatively strong dollar and multi-decade highs in real interest rates, suggesting the emergence of a new driver of prices aside from traditional macro factors. A recent study from the IMF finds evidence of an ongoing decoupling of global trade and global financial […]

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