Local Inflation Hedging
Families in South Asia and the Middle East increased small-bar purchases as local food and energy prices outpaced wage growth.
Double-digit food inflation in several EM economies reinforced household gold savings behavior.
Families in South Asia and the Middle East increased small-bar purchases as local food and energy prices outpaced wage growth.
Examining gold's real return profile against CPI, PPI, and housing inflation over the past five years.
April CPI surprised to the upside, moving real yields and gold spot within minutes of the release.
Why gold rallied even as real yields rose briefly — safe-haven flows vs opportunity cost dynamics.