Gold
Traditional inflation hedge and safe-haven asset; rises when real rates fall or uncertainty spikes.
$4.8k
Trend YoY growth is +52.0%, accelerating by 1.1 pp/month over the last 5Y. Latest: +51.6%, 42 bps below trend, a 0.0σ deviation. The latest YoY reading is boosted by 7.3 pp due to an easy comparison base from Apr 9.
Level
YoY %
y = −15.1% + 1.1 pp/mo · t
Deviation from trend
Forecast
Rolling 1Y trend forecast
| Forecast made in | May '25 | Jun '25 | Jul '25 | Aug '25 | Sep '25 | Oct '25 | Nov '25 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 | Jul '26 | Aug '26 | Sep '26 | Oct '26 | Nov '26 | Dec '26 | Jan '27 | Feb '27 | Mar '27 | Apr '27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| May '25 | +42.2% | +44.0% | +45.6% | +47.4% | +49.2% | +50.8% | +52.6% | +54.3% | +56.0% | +57.8% | +59.4% | +61.1% | +62.8% | +64.6% | +66.3% | +68.0% | +69.8% | +71.5% | +73.2% | +74.9% | +76.7% | +78.4% | +80.0% | +81.7% |
| Jun '25 | +42.3% | +43.8% | +45.2% | +46.7% | +48.2% | +49.6% | +51.1% | +52.5% | +54.0% | +55.4% | +56.8% | +58.3% | +59.7% | +61.2% | +62.6% | +64.1% | +65.6% | +67.0% | +68.5% | +69.9% | +71.4% | +72.8% | +74.2% | |
| Jul '25 | +42.8% | +44.0% | +45.2% | +46.4% | +47.7% | +48.8% | +50.1% | +51.3% | +52.4% | +53.7% | +54.8% | +56.1% | +57.3% | +58.5% | +59.7% | +60.9% | +62.2% | +63.3% | +64.6% | +65.8% | +66.9% | +68.2% | ||
| Aug '25 | +41.5% | +42.3% | +43.0% | +43.8% | +44.6% | +45.3% | +46.1% | +46.8% | +47.6% | +48.3% | +49.1% | +49.8% | +50.6% | +51.4% | +52.1% | +52.9% | +53.6% | +54.4% | +55.2% | +55.8% | +56.6% | |||
| Sep '25 | +40.5% | +41.0% | +41.5% | +41.9% | +42.4% | +42.9% | +43.3% | +43.8% | +44.3% | +44.8% | +45.2% | +45.7% | +46.2% | +46.7% | +47.2% | +47.6% | +48.1% | +48.6% | +49.0% | +49.5% | ||||
| Oct '25 | +42.8% | +43.6% | +44.4% | +45.2% | +46.0% | +46.7% | +47.5% | +48.3% | +49.1% | +49.8% | +50.6% | +51.4% | +52.2% | +53.0% | +53.8% | +54.6% | +55.4% | +56.1% | +56.9% | |||||
| Nov '25 | +46.2% | +47.5% | +48.7% | +49.9% | +51.1% | +52.3% | +53.5% | +54.8% | +56.0% | +57.2% | +58.5% | +59.7% | +60.9% | +62.1% | +63.4% | +64.6% | +65.7% | +67.0% | ||||||
| Dec '25 | +50.4% | +52.0% | +53.6% | +55.0% | +56.6% | +58.2% | +59.8% | +61.3% | +62.9% | +64.5% | +66.0% | +67.6% | +69.2% | +70.8% | +72.4% | +73.8% | +75.4% | |||||||
| Jan '26 | +55.7% | +57.7% | +59.6% | +61.6% | +63.5% | +65.6% | +67.5% | +69.5% | +71.6% | +73.5% | +75.5% | +77.5% | +79.5% | +81.5% | +83.4% | +85.4% | ||||||||
| Feb '26 | +63.4% | +65.9% | +68.7% | +71.5% | +74.3% | +77.0% | +79.8% | +82.6% | +85.4% | +88.2% | +90.9% | +93.7% | +96.6% | +99.1% | +101.9% | |||||||||
| Mar '26 | +70.2% | +73.7% | +77.2% | +80.7% | +84.2% | +87.7% | +91.3% | +94.8% | +98.3% | +101.8% | +105.3% | +108.9% | +112.1% | +115.7% | ||||||||||
| Apr '26 | +69.4% | +72.5% | +75.6% | +78.7% | +81.8% | +85.0% | +88.0% | +91.2% | +94.2% | +97.4% | +100.5% | +103.4% | +106.5% |