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Is an Uptick in Inflation on the Way, Supporting Gold?

Annie Gilroy
Is an Uptick in Inflation on the Way, Supporting Gold?

The softer inflation figure in February is in line with the weaker-than-expected growth in wages during the month. According to the survey of consumer expectations, one-year forward median inflation expectations rose to ~2.8% from ~2.7% in January 2018. The University of Michigan Index of Consumer Sentiment also corroborates consumers’ rising inflation expectations.