Luxury living costs jump 10% as wealthy Asians hoard gold, Julius Baer says
The Swiss wealth manager finds that high-net-worth individuals are flying overseas to bypass tariffs, while doubling down on precious metals.
The cost of luxury goods and services globally has jumped 10.2% over the past year, as surging gold prices drive up the prices of high-end items, Julius Baer says in its latest wealth report.
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