Peter Schiff: The rise in gold prices to $4,530 and the return of inflation targets to 2% is unrealistic

Economist and cryptocurrency critic Peter Schiff posted on the X platform, stating that the prices of gold and silver have risen. The price of gold increased by $50, approaching $4530. The price of silver rose by $3, trading just 10 cents below $75.

Peter Schiff believes that if the market thinks inflation can drop back to 2% amid record gains in precious metals, it would be a misjudgment.