Why Gold Is Unexpectedly Faltering During Inflationary Times
Nov 14, 2022
With the cost of living increasing drastically and inflation at an all-time high, assets such as gold that have traditionally acted as stores of value should be in hot demand. Conventional wisdom says that markets should turn to gold at times like this as a hedge against inflation. However, gold has acted contrary to expectations in recent months, faltering amid inflation, an increasingly hawkish stance from the Fed and a surging dollar.
Gold prices went down by more than 1.5% in September, trading at as little as $1,643 per ounce and reaching a…
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