Gold ripping through US$5,000/oz looks like a pure “fear trade” on the surface. But the more interesting angle is what’s happening at the same time in the real economy: data centres and energy storage are becoming core infrastructure, and that’s tightening the link between financial confidence, power grids, and hard assets.
Gold's Message Isn't Inflation, Its Credibility
This week’s move above US$5,000/oz happened alongside a weaker US dollar and another jump in investor demand for perceived “stores of value.” Bloomberg’s market wrap. . .
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