Gold prices gained momentum as both the U.S. dollar index and Treasury yields retreated, with spot prices rising 0.4% to $2,687.59 per ounce and futures climbing over 1% to $2,710.00. Markets are particularly focused on upcoming CPI data, expected to show annual inflation increasing to 2.9% from November’s 2.7%. According to Saxo Bank’s Ole Hansen, market uncertainty is heightened by both the pending inflation data and political considerations, including Trump’s proposed import tariffs that could impact inflation and complicate the Federal Reserve’s rate decisions. Despite Tuesday’s moderate PPI increase, analysts suggest rate cuts may not materialize until the second half of the year.

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Where Is the World’s Wealth Stored — And Why It Matters for Gold
Global personal wealth stands at $471 trillion. Gold accounts for just 7% of that. Understanding where the world stores its wealth — and what happens when even a fraction shifts toward gold — is the foundation of the precious metals case.




