Spot gold spikes above $4,438/oz as annual core CPI rises 2.5% in July - KITCO
Spot gold spikes above $4,438/oz as annual core CPI rises 2.5% in July - KITCO
Source: KITCO
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DW NOTE
The BOJ spent a decade insisting 2% inflation was impossible. Now the Fed has held it above target for three years straight while gold trades at $4,438 — and both central banks call this success. Core CPI at 2.5% means every bondholder is getting robbed at an administratively approved rate.