Inflation Expectations
The U.S. will accelerate for at least the next four quarters, according to the mean of 72 economist estimates compiled by Bloomberg. The U.S. Dollar Index advanced 2.4 percent this year and inflation expectations measured by the break-even rate for five-year Treasury Inflation Protected Securities reached the lowest since November on April 18.
“The stronger the dollar gets and the more America starts to recover, the weaker the gold price is going to get,” Hochreiter said from Johannesburg. “The direction is going to be down for a while to come.”