|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.0000 - 0.0000|
|52 Week Range|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Another element that could have possibly boosted gold prices is the forward-looking estimates of higher inflation. The Fed’s assertion that it would let inflation (TIPS) move above its target of 2% is positive for gold. Gold is often considered to be a hedge against inflation.
Will Gold Be an Inflation Hedge or Tumble on the Fed's Decisions? On May 23, the Federal Reserve’s May meeting minutes gave some support to gold prices as the ten-year Treasury note (IEF) yield dropped almost 5.1 basis points to 3.0%. A surge in the interest rate was negative for precious metals, and gold rebounded from the start of the day.
Could Gold Be Set for a Big Move in 2018? The pace of inflation in the United States unexpectedly strengthened in December 2017 when the core consumer price index (or CPI) rose by 1.8% year-over-year (or YoY), including a monthly advance of 0.3%. Inflation expectations (TIPS) have risen due to the ten-year break-even rate (a market measure of inflation expectations) rising to 2.1%—the highest level since September 2014.