The Gold Lens · Topic
Inflation
7 analyses on how Inflation is shaping the gold market.
The Fed Has Stopped Giving Directions
Since June the Fed’s statements have carried no forward guidance, and at Jackson Hole Kevin Warsh made the case for keeping it that way. With a hike priced as likely this week, a Fed committed to ‘a discipline, not a decision’ faces its biggest call yet — and gold faces a louder data calendar.
15 September 2026 · 9 min read
The Pipeline Around Hormuz Closed. Gold Fell Again.
Drones launched from Iraq shut the Saudi pipeline that carried crude around a near-closed Strait of Hormuz. Brent neared $110, US inflation ran hotter, and for the second time this summer gold fell into a Gulf crisis instead of rising with it — for the same reason as in July.
15 September 2026 · 7 min read
Gold’s First Real All-Time High Since 1980
In nominal terms gold has set records for two years. But in today’s dollars, January’s peak did something it had not managed in forty-four years: pass the real value of the 1980 top. A 28% correction has since tested that record — and it is still standing.
26 July 2026 · 10 min read
A War Broke Out in the Gulf. Gold Fell.
The US and Iran are trading strikes across the Strait of Hormuz, oil has jumped ~10% in a week, and gold — the world's oldest crisis asset — just posted its worst week in three months. The paradox has a mechanism, and it runs through the Fed.
17 July 2026 · 7 min read
The Warsh Fed's Hawkish Debut and What It Means for Gold
Kevin Warsh campaigned as a productivity dove. His first meeting as Fed chair delivered a hawkish hold and a dot plot tilting toward hikes. For gold, the tension between the man and the moment is the story.
18 June 2026 · 7 min read
The US–Iran Peace Deal and the Unwinding of Gold's War Premium
A June ceasefire reopened the Strait of Hormuz and sent gold tumbling from its highs. But the market is reading peace less as a geopolitical event than as a disinflation catalyst — and that distinction matters.
16 June 2026 · 6 min read
Euro Area Inflation Surprises — Reading the Gold Signal
March CPI data complicates the ECB's path forward and strengthens gold's case as a euro-zone hedge against persistent inflationary pressure.
28 March 2026 · 4 min readBrowse Other Topics