Analysis of inflation-adjusted trends shows gold unable to break 1980 high

Quick Take

An introspection of the real, inflation-adjusted golden prices since 1915, utilizing the header Consumer Price Index (CPI), reveals a striking signifier of peaks and troughs. Particularly noteworthy is the highest successful January 1980, erstwhile an ounce of golden reached $2,675, its highest ever successful inflation-adjusted terms.

Since then, contempt 2 consequent peaks successful August 2011 and August 2020, astatine $2,472 and $2,327 respectively, golden has not yet reclaimed its inflation-adjusted precocious from 1980. This information suggests a important absorption level for existent golden prices, indicative of underlying economical factors and marketplace sentiment that forestall a instrumentality to the 1980 high.

As golden is often seen arsenic a hedge against inflation, this inclination mightiness besides shed airy connected antithetic periods of economical stableness and inflationary pressures.

Gold Price History: (Source:macrotrends.net)

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