Decode Lab
An archive for explorers, chronicling the discoveries and insights from our ongoing journey.
September 11, 2026
Does Gold Go Up With Inflation? Testing U.S. CPI Against Gold’s 5-Day Returns
Gold is widely considered an inflation hedge. But does higher inflation actually mean higher gold prices in the days that follow? We compare U.S. CPI year-over-year with XAU/USD’s 5-trading-day forwa…