Oil-Driven Inflation Could Turn Bullish for Gold | Presented by CME Group

Surging oil prices are currently a headwind for precious metals as higher inflation expectations push interest rates, Treasury yields and the US dollar higher. But if high energy costs begin to threaten growth and force central banks toward rate cuts, falling real yields may turn oil-driven inflation into a tailwind for gold and silver. Presented by @cmegroup https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insight