
Gold is approaching $4,500, buoyed by central bank purchases
Gold is hovering near the $4,500 resistance level, driven by massive central bank purchases and weakening expectations of U.S. rate hikes.
Inflation remains the #1 topic for your purchasing power and savings. Here we decode the latest INSEE figures, ECB decisions, and most importantly how to protect your savings. No fluff, concrete numbers.
INSEE publishes inflation (Consumer Price Index, CPI) at 2 dates:
Core inflation (excluding energy and food) is monitored by the ECB to decide rate policy. Official target: 2%. Each release can move EUR/USD 30 to 80 pips.
If inflation is 3% and your Livret A is 3%: your savings don't lose but don't gain either. If inflation is 4.5% and your account is 3%: you lose 1.5% purchasing power per year, i.e. €1,500 on €100,000 of savings.
Investments that protect against inflation: • Inflation-linked bonds (TIPS, OATi) • Physical gold and gold ETFs • Defensive sector stocks (healthcare, basic consumer goods) • Real estate (but has its own cycle)
Those that suffer: • Livret A / LDDS if inflation > rate • Euro-denominated life insurance funds • Classic fixed-rate bonds
The ECB adjusts its policy rates to steer inflation. Mechanism:
Problem: the effect takes 6 to 18 months. And sometimes inflation comes from out-of-control factors (energy, war, supply chain) that rates don't fix.
ECB meetings every 6 weeks. Christine Lagarde and Executive Board statements can move markets.

Gold is hovering near the $4,500 resistance level, driven by massive central bank purchases and weakening expectations of U.S. rate hikes.

Several members of the Bank of Japan's Board of Governors expect prices to rise in the coming months. This could be a sign ahead of the next monetary policy decisions.

A prolonged closure of the Strait of Hormuz could plunge the United Kingdom into a recession. Geopolitical risks pose a direct threat to the British economy.

The price of gold has just surpassed the $4,000 mark. Tensions in the Middle East and expectations regarding the Fed's monetary policy are driving up the price of gold.

Gold is losing ground and has fallen back below the symbolic $4,000 mark as tensions in the Middle East reignite inflation fears and dampen hopes for a rate cut by the Fed.

As inflation remains stubbornly high in the eurozone, the question of another ECB rate hike is resurfacing. We break down the signals.

The euro-dollar exchange rate has fallen back to 1.1437 after giving up its NFP gains. The market is holding its breath ahead of this week's U.S. inflation report.

The Fed's new chair warns: zero tolerance for inflation above 2%. A clear signal to the markets, which had been anticipating easing.

UBS expects the Fed to hold rates steady despite market expectations of a rate hike. Kevin Warsh downplays the inflation risk, but traders remain hesitant.

Inflation in the eurozone is slowing more than expected. The European Central Bank may adopt a more cautious stance in the coming months.

Christopher Kent, deputy governor of the RBA, warns that the Australian central bank could take a tougher stance on inflation. A major turning point for the AUD.

The ECB survey shows that eurozone consumers now expect lower inflation in 2027. This marks a major psychological turning point for the euro and interest rates.

Inflation in Tokyo rose in June, driven by energy prices. This acceleration is fueling renewed speculation about monetary tightening by the Bank of Japan.

The cancellation of U.S.-Iran negotiations is driving up crude oil prices. European bond yields are rising as a result.

Official figures for May show that inflation in Japan is under control, but energy subsidies mask very real underlying pressure.

The New York-based bank is revising its strategy in response to the Federal Reserve's tightening. The markets will have to wait until the fall of 2026 to see rates fall.

Gediminas Simkus, a member of the ECB’s Governing Council, announced that at least one more rate hike is on the way. Monetary tightening continues.

Japan's core inflation is expected to remain below 2% for the fourth consecutive month in May 2026. The Bank of Japan sees its target slipping further out of reach.

U.S. inflation has surpassed the 4% mark, and analysts predict increasing pressure on Bitcoin and gold. Nervous markets are anticipating a response from the Fed.

The Reserve Bank of New Zealand is continuing its fight against inflation despite a worrying rise in unemployment. It’s an increasingly delicate balance.