ArticleBody Gold back in step with US Inflation
On Bloomberg
This is an interesting piece to read. After 2008 and the financial crisis the relationship between US inflation and gold broke down. (See chart above). Well, now as we enter a period of rising rates that relationship has been restored. As US inflation rises, Gold rises with it. So this should be a reason for Gold prices to be supported in the medium term throughout 2018.
On the Daily Chart, Gold is just above the 50% fib level and if the Fed keeps hiking rates this could be a good place to long gold for the medium term.
