Soaring oil prices have rewritten inflation expectations, a stronger dollar has absorbed liquidity, gold has been forced to retreat, and the gold-oil ratio has plummeted. A "liquidity trap" has quietly begun; who will be next to be swallowed up?

2026-03-10

Soaring oil prices have rewritten inflation expectations, a stronger dollar has absorbed liquidity, gold has been forced to retreat, and the gold-oil ratio has plummeted. A "liquidity trap" has quietly begun; who will be next to be swallowed up?