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Precious Metals Outlook: Is Gold Broken?
It is a reasonable question and certainly top of mind after the yellow metal (gold) has declined from just over $2,000/oz in early August to $1,700/oz presently. This reflects a $100 drop in the past week alone and has occurred with the backdrop of unprecedented money printing. The question about its broken state comes from a few perspectives. During this price decline over the past six months, the U.S. dollar has been generally weaker, usually a positive for bullion prices. In addition, inflation expectations have been rising. While this has not shown up yet in Consumer Price Index data, the market is increasingly ... (full story)