U.S. core inflation has reached a 40-year high, and yields continue to climb given the threat of broadening price pressures. But, with the U.S. Dollar Index already up 20% in 2022, is it possible we’re seeing the peak? Real Vision’s James Helliwell explores the debate by making a contrarian case for deflation. He also explains what the “Chart of Truth” is telling us in the context of this year’s breakout. And, given the multiple market interventions by central banks and policy makers to stabilize their respective countries’ currencies, James assesses gold’s role in a modern portfolio.