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Gold: Back to $2,000?

From pepperstone.com

Gold is trying to put a troubling month behind it as it claws back its losses from November. As US fiscal stimulus talks restart, so inflation expectations have risen rapidly this week to levels not seen since the start of 2019. Can gold reclaim the magical $,2000 level once more? The skid for gold since the US election comes on the back of the increased likelihood for a robust global economic recovery. The Pfizer and BioNTech vaccine kicked off a dash to risky assets as investors have piled into equities, and commodities like oil and copper. The prospects of vaccinations have been further boosted by the UK’s ... (full story)

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  • Category: Fundamental Analysis