![Why is gold so expensive? Why is gold so expensive?](https://images.investmentofficer.com/cdn/ff/Lm87pf69kRzk2FzH7BkaN9ymR6yhtyVJQcmUNxOie3Q/1720252904/public/styles/large/public/Gold%2C%20cryptos%2C%20inflation.jpg?itok=aaboT3dk)
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