NEW YORK, (Reuters) – Gold rallied above $1,500 an ounce for the first time yesterday, extending this week’s record run as investors hedged growing inflation risks and bought into a broad commodities rally as the dollar slumped.
Mounting evidence of quickening inflation in major Asian economies such as China and India were echoed in Latin America on Wednesday, with Brazilian prices nearing a government ceiling and Mexico’s yearly rate exceeding a key target.
The break-even rates on U.S. Treasury Inflation-Protected Securities (TIPS), which measures investors’ inflation
