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Analysts: Some investors rely on gold as a hedge against inflation

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2025-04-22 07:59:43
Analysts at Royal Bank of Canada noted that concerns about Mr. Trump's pressure on the Fed, questions about its independence and his power to fire Mr. Powell had added uncertainty to an already uncertain market. Michael Feroli, chief US economist at JPMorgan Chase, said any loss of Fed independence would add upside risks to the inflation outlook, which is already under upward pressure from tariffs and rising inflation expectations. Some investors rely on gold as a hedge against inflation. Investors have put at least $19 billion into gold ETFs in Quarter 1 this year, according to Standard Chartered. Mitul Kotecha, head of Asia FX and emerging markets macro strategy at Barclays, said there does appear to be some money flowing into gold and many investors are buying it.
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