Inflation's Golden Trap: The Fed's Rate Hike Odds Squeeze Gold Markets The recent jump in US inflation has dealt a double blow to gold investors, sending prices tumbling for a second day in a row.
Behind this seemingly straightforward market reaction lies a complex web of factors that threaten to ensnare the precious metal in a trap of its own making.
Inflation's resurgence has long been seen as a boon for gold, whose safe haven status and perceived hedge against inflationary pressures have driven prices to record highs over the past year.