How inflation is impacting gold prices

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Gold (GC=F) prices are experiencing slight downward pressure following July's Consumer Price Index (CPI) report, which aligned with expectations. Andrew Critchlow, S&P Global Commodity Insights' Global Head of News joins Catalysts to share his outlook on gold prices.

Critchlow identifies three key factors influencing gold prices: inflation, India's market, and geopolitical risks. He emphasizes that in a high inflationary environment, "Gold is the ultimate hedge." Despite easing inflation in the US, Critchlow notes that pockets of inflation persist both domestically and globally, stating, "Gold is going to continue to be a hedge to that."

Regarding India, Critchlow highlights its role as "a massive consumer of gold globally." He explains that India's continued economic growth drives "the fundamentals of demand for gold prices."

Lastly, Critchlow discusses geopolitical risks, including elections, trade issues, and global policy changes. He states that gold serves as a safe-haven asset amid this uncertainty.

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As fiat money supply increases (definition of inflation), price levels increase as a consequence and gold becomes more valuable as central banks continue to debase their currencies. PCI, CPE, RPI etc govt indexes are fudged, manipulated to understate currency devaluation.

PD_
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Thanks for the insights! Grabbed NVDA72K, expecting 10x returns. Big listings confirmed!

nicholascaylee
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Just stopping in to say that gold prices have been hitting an "all time high" for over a century.

_rob_.
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Gold will increase or decrease in this week

saranyamanoharan
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NVDA72K will change the crypto game forever! 🌍

stawarskiviolet
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Next year February gold will touch 3000

rahhhuliyerindian
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There are way better hedges than Gold, ones that actually have a return on investment.

Richard-cqkv