{"id":6071,"date":"2026-05-07T12:50:55","date_gmt":"2026-05-07T12:50:55","guid":{"rendered":"https:\/\/www.mygoldspa.com\/market-indicators\/"},"modified":"2026-05-22T13:50:22","modified_gmt":"2026-05-22T13:50:22","slug":"market-indicators","status":"publish","type":"page","link":"https:\/\/www.mygoldspa.com\/en\/market-indicators\/","title":{"rendered":"MARKET INDICATORS"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"6071\" class=\"elementor elementor-6071 elementor-5400\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2a2b250 e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"2a2b250\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-3c7e31b e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"3c7e31b\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-051be80 elementor-widget elementor-widget-heading\" data-id=\"051be80\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">The forces that move gold<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-46a4aef e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"46a4aef\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;video&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f3d4ada elementor-widget elementor-widget-image\" data-id=\"f3d4ada\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1080\" height=\"1080\" src=\"https:\/\/www.mygoldspa.com\/wp-content\/uploads\/2025\/03\/a6c8263ec54ygh.jpeg\" class=\"attachment-full size-full wp-image-6067\" alt=\"\" srcset=\"https:\/\/www.mygoldspa.com\/wp-content\/uploads\/2025\/03\/a6c8263ec54ygh.jpeg 1080w, https:\/\/www.mygoldspa.com\/wp-content\/uploads\/2025\/03\/a6c8263ec54ygh-300x300.jpeg 300w, https:\/\/www.mygoldspa.com\/wp-content\/uploads\/2025\/03\/a6c8263ec54ygh-1024x1024.jpeg 1024w, https:\/\/www.mygoldspa.com\/wp-content\/uploads\/2025\/03\/a6c8263ec54ygh-150x150.jpeg 150w, https:\/\/www.mygoldspa.com\/wp-content\/uploads\/2025\/03\/a6c8263ec54ygh-768x768.jpeg 768w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-676fa7c e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"676fa7c\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-a9a1133 e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"a9a1133\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;motion_fx_motion_fx_scrolling&quot;:&quot;yes&quot;,&quot;motion_fx_translateX_effect&quot;:&quot;yes&quot;,&quot;motion_fx_translateX_direction&quot;:&quot;negative&quot;,&quot;motion_fx_translateX_affectedRange&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:{&quot;start&quot;:0,&quot;end&quot;:50}},&quot;motion_fx_opacity_effect&quot;:&quot;yes&quot;,&quot;motion_fx_opacity_range&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:{&quot;start&quot;:25,&quot;end&quot;:44}},&quot;animation&quot;:&quot;none&quot;,&quot;motion_fx_translateX_speed&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:4,&quot;sizes&quot;:[]},&quot;motion_fx_opacity_direction&quot;:&quot;out-in&quot;,&quot;motion_fx_opacity_level&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:10,&quot;sizes&quot;:[]},&quot;motion_fx_devices&quot;:[&quot;desktop&quot;,&quot;tablet&quot;,&quot;mobile&quot;]}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-522610a elementor-widget elementor-widget-heading\" data-id=\"522610a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Correlation with inflation: <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2189990 elementor-widget elementor-widget-text-editor\" data-id=\"2189990\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>the Consumer Price Index (CPI) is the barometer of inflation. When the purchasing power of fiat currencies (euro, dollar) decreases, physical gold acts as a real store of value. In this section, we analyse how gold tends to appreciate during periods of high inflation, protecting capital from the nominal loss of value of legal tender  <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-175764e elementor-widget elementor-widget-image\" data-id=\"175764e\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"523\" src=\"https:\/\/www.mygoldspa.com\/wp-content\/uploads\/2026\/05\/uomo-pieno-di-monete_23-2151027610-1024x670.jpg\" class=\"attachment-large size-large wp-image-6068\" alt=\"\" srcset=\"https:\/\/www.mygoldspa.com\/wp-content\/uploads\/2026\/05\/uomo-pieno-di-monete_23-2151027610-1024x670.jpg 1024w, https:\/\/www.mygoldspa.com\/wp-content\/uploads\/2026\/05\/uomo-pieno-di-monete_23-2151027610-300x196.jpg 300w, https:\/\/www.mygoldspa.com\/wp-content\/uploads\/2026\/05\/uomo-pieno-di-monete_23-2151027610-768x503.jpg 768w, https:\/\/www.mygoldspa.com\/wp-content\/uploads\/2026\/05\/uomo-pieno-di-monete_23-2151027610.jpg 1480w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4b4c137 e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"4b4c137\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-ab23b82 e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"ab23b82\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;motion_fx_motion_fx_scrolling&quot;:&quot;yes&quot;,&quot;motion_fx_translateX_effect&quot;:&quot;yes&quot;,&quot;motion_fx_translateX_direction&quot;:&quot;negative&quot;,&quot;motion_fx_translateX_affectedRange&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:{&quot;start&quot;:0,&quot;end&quot;:50}},&quot;motion_fx_opacity_effect&quot;:&quot;yes&quot;,&quot;motion_fx_opacity_range&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:{&quot;start&quot;:25,&quot;end&quot;:44}},&quot;animation&quot;:&quot;none&quot;,&quot;motion_fx_translateX_speed&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:4,&quot;sizes&quot;:[]},&quot;motion_fx_opacity_direction&quot;:&quot;out-in&quot;,&quot;motion_fx_opacity_level&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:10,&quot;sizes&quot;:[]},&quot;motion_fx_devices&quot;:[&quot;desktop&quot;,&quot;tablet&quot;,&quot;mobile&quot;]}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-fbbbb6b elementor-widget elementor-widget-heading\" data-id=\"fbbbb6b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Geopolitical dynamics and systemic risk <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bf284b2 elementor-widget elementor-widget-text-editor\" data-id=\"bf284b2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>gold is the only safe-haven asset that does not represent someone else\u2019s debt. During periods of geopolitical uncertainty, conflict or banking-system instability, the market seeks refuge in physical metal. We analyse the Global Uncertainty Index to explain how gold reacts to systemic risks: while equity markets may be volatile, gold acts as a safe-haven asset, stabilising portfolios in times of crisis.  <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d20f22e elementor-widget elementor-widget-image\" data-id=\"d20f22e\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"534\" src=\"https:\/\/www.mygoldspa.com\/wp-content\/uploads\/2026\/05\/2151493247.jpg\" class=\"attachment-large size-large wp-image-6069\" alt=\"\" srcset=\"https:\/\/www.mygoldspa.com\/wp-content\/uploads\/2026\/05\/2151493247.jpg 1000w, https:\/\/www.mygoldspa.com\/wp-content\/uploads\/2026\/05\/2151493247-300x200.jpg 300w, https:\/\/www.mygoldspa.com\/wp-content\/uploads\/2026\/05\/2151493247-768x512.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e3ae3c3 e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"e3ae3c3\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-dc43c26 e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"dc43c26\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;motion_fx_motion_fx_scrolling&quot;:&quot;yes&quot;,&quot;motion_fx_translateX_effect&quot;:&quot;yes&quot;,&quot;motion_fx_translateX_direction&quot;:&quot;negative&quot;,&quot;motion_fx_translateX_affectedRange&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:{&quot;start&quot;:0,&quot;end&quot;:50}},&quot;motion_fx_opacity_effect&quot;:&quot;yes&quot;,&quot;motion_fx_opacity_range&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:{&quot;start&quot;:25,&quot;end&quot;:44}},&quot;animation&quot;:&quot;none&quot;,&quot;motion_fx_translateX_speed&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:4,&quot;sizes&quot;:[]},&quot;motion_fx_opacity_direction&quot;:&quot;out-in&quot;,&quot;motion_fx_opacity_level&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:10,&quot;sizes&quot;:[]},&quot;motion_fx_devices&quot;:[&quot;desktop&quot;,&quot;tablet&quot;,&quot;mobile&quot;]}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7ad4a8f elementor-widget elementor-widget-heading\" data-id=\"7ad4a8f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Central bank reserves<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3f1b22c elementor-widget elementor-widget-text-editor\" data-id=\"3f1b22c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>central banks around the world are the largest holders of gold. Monitoring their net purchases is a crucial indicator: if monetary institutions increase their gold reserves, they confirm their trust in the metal as a pillar of long-term financial stability. In this section, we present institutional purchasing flows to offer clients a macroeconomic view of the sector\u2019s strength.  <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2a3b353 elementor-widget elementor-widget-image\" data-id=\"2a3b353\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"600\" src=\"https:\/\/www.mygoldspa.com\/wp-content\/uploads\/2026\/05\/inquadratura-dal-basso-di-edifici-in-spagna-sotto-un-cielo-blu-chiaro_181624-9182-1024x768.jpg\" class=\"attachment-large size-large wp-image-6070\" alt=\"\" srcset=\"https:\/\/www.mygoldspa.com\/wp-content\/uploads\/2026\/05\/inquadratura-dal-basso-di-edifici-in-spagna-sotto-un-cielo-blu-chiaro_181624-9182-1024x768.jpg 1024w, https:\/\/www.mygoldspa.com\/wp-content\/uploads\/2026\/05\/inquadratura-dal-basso-di-edifici-in-spagna-sotto-un-cielo-blu-chiaro_181624-9182-300x225.jpg 300w, https:\/\/www.mygoldspa.com\/wp-content\/uploads\/2026\/05\/inquadratura-dal-basso-di-edifici-in-spagna-sotto-un-cielo-blu-chiaro_181624-9182-768x576.jpg 768w, https:\/\/www.mygoldspa.com\/wp-content\/uploads\/2026\/05\/inquadratura-dal-basso-di-edifici-in-spagna-sotto-un-cielo-blu-chiaro_181624-9182.jpg 1480w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a9843d5 e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"a9843d5\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bd15d3d elementor-widget elementor-widget-spacer\" data-id=\"bd15d3d\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The forces that move gold Correlation with inflation: the Consumer Price Index (CPI) is the barometer of inflation. When the purchasing power of fiat currencies (euro, dollar) decreases, physical gold acts as a real store of value. In this section, we analyse how gold tends to appreciate during periods of high inflation, protecting capital from the nominal loss of value of legal tender Geopolitical dynamics and systemic risk gold is the only safe-haven asset that does not represent someone else\u2019s debt. During periods of geopolitical uncertainty, conflict or banking-system instability, the market seeks refuge in physical metal. We analyse the Global Uncertainty Index to explain how gold reacts to systemic risks: while equity markets may be volatile, gold acts as a safe-haven asset, stabilising portfolios in times of crisis. Central bank reserves central banks around the world are the largest holders of gold. Monitoring their net purchases is a crucial indicator: if monetary institutions increase their gold reserves, they confirm their trust in the metal as a pillar of long-term financial stability. In this section, we present institutional purchasing flows to offer clients a macroeconomic view of the sector\u2019s strength.<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-6071","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.mygoldspa.com\/en\/wp-json\/wp\/v2\/pages\/6071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mygoldspa.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.mygoldspa.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.mygoldspa.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mygoldspa.com\/en\/wp-json\/wp\/v2\/comments?post=6071"}],"version-history":[{"count":1,"href":"https:\/\/www.mygoldspa.com\/en\/wp-json\/wp\/v2\/pages\/6071\/revisions"}],"predecessor-version":[{"id":6072,"href":"https:\/\/www.mygoldspa.com\/en\/wp-json\/wp\/v2\/pages\/6071\/revisions\/6072"}],"wp:attachment":[{"href":"https:\/\/www.mygoldspa.com\/en\/wp-json\/wp\/v2\/media?parent=6071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}