Arbitrage and reflation in the gold market, US presidential election and the global economy
Friday 7 August 2020 – Vol.11 Ed.32.4
Commentary: Arbitrage and reflation in gold market
By Pierre Ortlieb in London
The global gold market is recording record levels of activity. Gold’s surge is not an inflation worry indicator as some think; bond markets suggest inflationary anxiety is misplaced. Rather, market disruption, US fiscal policy, and the low-rate environment have been driving its performance.