RING - Does Gold Get Back To Work With 'Transitory' Retired?

• Despite posting a small loss on the month (down -0.50% to $1,774.52 per ounce by month-end), gold’s historical status as an inflation hedge and safe haven investment were on full display during November.
• Gold furthered its rally on the back of November 10 U.S. inflation data reads which showed the headline consumer price index climbing from 5.4% to 6.2% from September to October, the fastest pace since 1990.
• The news renewed concerns around inflation and added support to the “persistent rather than transitory” argument for inflation.

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