When Inflation Reprices the Narrative: Why Gold Strengthened as Macro Uncertainty Returned
The macro story this week became more complicated, not less. The United States delivered a sharp upside surprise in consumer inflation for March, with headline CPI rising 0.9% month over month and 3.3% year over year after a much softer 2.4% year-over-year reading in February.1 The overwhelming driver was energy. The Bureau of Labor Statistics reported that the energy index rose 10.9% in March, ga...
Read Full Article