Why the west should be paying more attention to the gold price rise

Quick Summary:

Some may be tempted to dismiss gold’s performance as part of a more general increase in asset prices that, for example, has seen the US S&P index gain about 35 per cent in the past 12 months.

Over the past 12 months, the price of an ounce of gold on international markets has increased from $1,947 to $2,715, a gain of almost 40 per cent.

In setting one record level after the other, it seems to have decoupled from its traditional historical influencers, such as interest rates, inflation and the dollar.

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Article Details

Author / Journalist: Mohamed El-Erian

Category: MarketsFinanceInvesting

Markets: United StatesChina

Topics: Core Price System Interest Financial Geopolitical Gold Dollar Been Other International

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-21 @ 04:00:20 (18 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 796 words

Reading Time: 5 minutes read

Sentences: 39 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23147866

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Official Website: ft.com

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