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Gold caught in the middle as Yellen, Buffett present opposing views on inflation

From kitco.com

According to some analysts, the gold market is benefiting from shifting sentiment in the bond market after U.S. Treasury Secretary Janet Yellen downplayed inflation fears as the Biden Administration proposes nearly $6 trillion to support American families and rebuild the nation's infrastructure. In an interview with NBC's "Meet the Press," Yellen said that she expects rising inflation pressures to be transitory. She added that Biden's new spending proposals wouldn't impact inflation pressure because they would be spread over the next ten years. "I don't believe that inflation will be an issue, but if it becomes an ... (full story)

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  • Category: Fundamental Analysis