In May this year gold shot through the $2,000 level to $2,051. But shortly after the price cratered and by 5 October it hit $1820.Since then, the gold price has jumped again.In fact, gold is at its highest point in the past three months right now. It is up 8.5% currently circling $1,997…
Read MoreThe price of WTI oil is up from around $80 in August to $91.54, similarly brent crude oil is up from $84 to $95 last week.These sudden increases in the oil price are not great news for inflation in the short term…Energy and fuel are some of the greatest components of our inflation basket.If fuel prices rise, so do transport costs, food production costs, fertilizer costs…And when inflation rises – so do interest rates. But why are oil prices rising?
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