Why is gold so expensive?

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

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