Gold mounted a comeback this week as investors turned their attention sharply toward inflation hedges and safe haven strategies.
- CPI rose to 5.4%. The Social Security cost-of-living adjustment came in at 5.9%.
- Gold jumped back into the $1,800 range, but still has to climb $35 to make a run at the $1,833 ceiling.
- The S&P 500 suffered its largest drop all year in September, revealing vulnerability in a stagflationary environment.