Gold and inflation - BoC paper
In this Bank of Canada Working Paper, the author finds that the gold price "contains significant information for future inflation for several countries, especially for those that have adopted formal inflation targets."
Using data for 14 countries over the 1994 to 2005 period, the researchers assess the leading indicator properties of gold at horizons ranging from 6 to 24 months.
The author suggests that their findings "may arise from the manner in which inflation expectations are formed in these
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