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Investment Weekly

Debasement in the basement?
10 July 2026
    Articles

    Chart of the week – Debasement in the basement?

    Chart of the week – Debasement in the basement?

    Is the debasement trade heading for the basement? It’s been dollar up and gold down in 2026 so far, and that is naturally leading to questions about whether the “debasement trade” – of a weaker dollar and stronger gold – is over? This week, we explain why we don’t think it is.

    Market Spotlight

    • Complexity pays

    Lens on…

    • Earnings up, cash down
    • Frontier as a vol dampener
    • Cutting hedge

    Read the full commentary PDF, 3.35MB

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