News and Insights

There’s been a lot of press about gold lately. And a lot of interest in Rush Gold. Find out more including our market insights.

Insights: Is the hike in inflation temporary or here to stay?

Insights: Is the hike in inflation temporary or here to stay?

Gold market update

Gold prices fell on Monday, weighed down by a stronger dollar and easing concerns about inflation, while investors awaited cues from the US Federal Reserve’s policy meeting due later this week.

Spot gold was down 1.1% to $1,856.30 per ounce by 09:08 GMT. US gold futures fell 1.1% to $1,858.20.

Along with a stronger dollar, profit-taking is weighing on the metal, with the market seeing a bit of book squaring ahead of the Fed’s meeting on the 15th-16th June.

Last week, data showed a sharp rise in consumer prices in the US in May. Fed officials, however, have repeatedly said the inflation will be transitory.

Gold price this month in AUD/OZinflationRush viewpoints

This week we take a look at the debate over whether the sharp uptick in inflation is a temporary or a longer-term phenomenon:

Read the article: On inflationary trends and tailwinds

Gold in the news

Here are a few articles trending on the subject of gold:

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