World Gold Council warns second wave of high inflation cannot be ruled out
The World Gold Council cautions that another surge in inflation is possible, though this alone would not necessarily drive a major gold price rally.
The World Gold Council has indicated that a second wave of high inflation cannot be dismissed as a possibility. The Council notes that whether such inflation triggers a significant rally in gold prices will depend on multiple factors, including real interest rates, the US dollar's strength, growth expectations, demand from Asian investors, and how central banks respond.
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A second wave of high inflation cannot be ruled out, says the World Gold Council. But it does not imply a major gold rally on its own. That depends on how real rates, the US dollar, growth expectations, Asian investor…