Why is gold so expensive?

In each edition, Paul looks at the latest market trends or events – like rising interest rates – analysing what it means for various asset classes – like fixed income and equities. He also assesses how our model portfolios are impacted.

In this edition:

• Gold is approaching long-term historical real peaks, recently helped by US crises.
• We think inflation, geopolitics and falling cryptocurrencies may help explain why it held up so well in 2022, despite the rise in real yields and the dollar.
• However, those factors may prove ephemeral

Read more