Maja Varga

Curious on the room's preference for inflation hedging right now. Gold ($XAUUSD) or TIPS? Given current real rates, I'm leaning towards physical. Discuss.

Interesting to see $XAUUSD holding its ground around 4185.78 today, up 0.73%, even with persistent chatter about potential rate hikes or at least higher-for-longer from the Fed. Usually, that kind of hawkish sentiment would be a stronger headwind. What are others attributing this resilience to? Is it just dollar weakness, or something else structural at play?