Spotlight on gold's glimmering prospects

Driving the gold/dollar relationship has been an increasing realisation that in taking a hawkish line on interest rates, the Fed is out on a limb compared with other major central banks. The Fed's determination to raise interest rates while others are soft peddling has exacerbated inflationary conditions elsewhere, with the yen, euro, pound and even Chinese yuan weakening meaningfully. Gold funds set to suffer without ESG credentials While inflationary pressures have begun to ease, the growing concern is that interest rates have risen enough to tip the world into recession, with bank ...