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Gold (GLD) and silver (SLV) ETFs to benefit from the REPO Act
The prices of gold and silver are doing well this year. Silver soared to a high of $29.75 this month, much higher than last year’s low of $20.73. Gold, on the other hand, has jumped to almost $2,500 and analysts believe that it will jump to over $3,000 this year. The most important reason for the gold price rally has been the stubbornly high inflation levels in the US. Data shows that the headline Consumer Price Index (CPI) moved to 3.5% while the core CPI moved to 3.8%. As a result, analysts believe that the Federal Reserve will not cut interest rates any time soon. Many of them have started to position their ... (full story)