Historically, gold is known as a hedge against inflation, yet here we are watching gold 'depreciate' by 10% in just 30 days as inflation continues to trend upward.

>unprecedented

So what's going on here?

China is back to buying gold

Russia wants to open its own gold exchange

And India is eyeing Dubai's 'discounted' gold for their own coffers

>kitco.com/news/2022-09-20/Russia-s-new-gold-exchange-could-challenge-LBMA-and-reveal-gold-s-fair-price-Matthew-Piepenburg.html

>schiffgold.com/key-gold-news/chinese-gold-demand-appears-to-be-picking-up-again/

>arabianbusiness.com/markets/dubais-discount-gold-attracts-indian-investors-for-diwali-amid-global-price-slump