This chart says inflation is not going away by itself!
We passed the inflation peak but higher prices are here to stay.
Sooner or later central bankers will retire the 2% inflation target rate,
Statista also has predicted that Inflation won't hit the Fed's 2% target before 2030.
The inflationary 1970s caused a massive rise in gold price, the next Gold Bull phase started in early 2000 with the historical inflationary wave.
In this Bull phase, Gold should see 3 major peaks; the first came in 2011 a bit after inflation's top. the recent global inflation peak was in 2022 and it seems gold is rising on its uptrend for making its second top.
PS:
We had inflation in the 1980 but gold went down from $800 to $250,
Gold is a strategic asset and is strongly connected to political chaos, and of course war and chaos is connected to inflation!
The recent Gold bull phase started in 2000 and from 2000 -2024 The US alone engaged in more than 130 wars and military interventions.
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