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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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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.
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Follow Yahoo Finance on social:
#gold #inflation #yahoofinance
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