What Drives Gold Prices- Fed Report
What Drives Gold Prices?
Chicago Fed Letter, No. 464, November 2021
Drivers discussed include:
Gold is a hedge against inflation.
Gold is sensitive to expected long-term real interest rates.
Gold as protection against hard economic times
Submitted by Goldfix on Substack Authored By Robert Barsky et al (PDF)
A half century after gold ceased to play a significa…