Gold set to rally in coming months, experts say. Key level to watch

The gold hot streak is still in its infancy, say the managers behind two of the market’s largest ETFs backed by the precious metal. Bullion wrapped up its best week since May on Friday as investors bought into it to hedge against rising inflation numbers, the latest of which was the more than 30-year record … Read more

Gold, bitcoin lead gains in inflation hedges following biggest CPI jump in 3 decades

Bitcoin on a pile of gold. Bodnarshuk | iStock Editorial | Getty Images Wednesday’s red-hot CPI report prompted investors to hedge against old and new inflation, as stocks and bonds came under pressure. Bitcoin price rose 2% on Wednesday and hit a record high, trading above $68,000. Ether added 1.9%. Spot gold was also higher, … Read more

Leading gold authorities on inflation hedge battle

Is Bitcoin the new gold? Not according to two of the world’s leading gold bodies, but the rise of cryptocurrency is a phenomenon they can’t help but acknowledge. Bitcoin has significantly outperformed gold for the year so far, with the digital currency up nearly 133% and the yellow metal down about 4%. The difference calls … Read more