Make Kitco Your Homepage

Contributed Commentaries

Gold's Complicated Relationship with Inflation: Insights from CPM Group's Jeffrey Christian

CPM Group

Kitco Commentaries | Opinions, Ideas and Markets Talk

Featuring views and opinions written by market professionals, not staff journalists.

Commentaries & Views

Be the first to know when a new trade signal is out! Click here to sign up for e-mail notifications.

In today's video, Jeffrey Christian of CPM Group analyzes US inflation data following the release of the January 2023 US CPI report. While inflation remains a concern, it has begun to moderate and decelerate.

Jeff also talks about the connection between gold and inflation. He points out that, while inflation is a factor in gold and silver prices, it is not the only one. Since 1970, the correlation between gold prices and US consumer inflation has been 9%, but it was negative 4% between 1990 and 2021 as gold prices rose sharply in the absence of inflation.

While many people overestimate the impact of inflation on gold prices, it is only one of many factors that influence gold prices.

By CPM Group

Contributing to kitco.com

Contact info@cpmgroup.com
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.