Gold prices have significantly outpaced inflation since 2000, supporting gold’s reputation as a potential store of value over the long term. However, the relationship between gold prices, CPI inflation, and inflation expectations is not consistently correlated. Since 2020, gold has entered a remarkable bull market, coinciding with a sharp surge in inflation that peaked at nearly 9% in 2022.
Source: U.S. Bureau of Labor Statistics, World Bank
This graph was produced by Lucas Juery, CFA, CFPⓇ and is not intended to provide financial advice.
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