Investors bet on Europe’s inflation matching US in echo of financial crisis

Bloomberg/Greg Ritchie/3-8-2023

“For the first time since the global financial crisis, investors are betting long-term inflation in the euro area will match that of the US, underscoring the dramatic shift in the outlook for Europe recently.”

USAGOLD note: Gold demand in Europe has grown steadily over the past several years, particularly in Germany. A rising inflation rate would likely boost the already strong demand for physical metal.

bar chart showing retail western gold demand
Chart courtesy of the World Gold Council • • • Click to enlarge

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