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Is an Uptick in Inflation on the Way, Supporting Gold?

Is an Uptick in Inflation on the Way, Supporting Gold?

The softer inflation figure in February is in line with the weaker-than-expected growth in wages during the month. According to the survey of consumer expectations, one-year forward median inflation expectations rose to ~2.8% from ~2.7% in January 2018. The University of Michigan Index of Consumer Sentiment also corroborates consumers’ rising inflation expectations.