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There is enough money in the system to resolve the global supply crunch, gold to remain stuck in neutral - USBWM
The gold market stuck between $1,750 and $1,800 could represent fair value for the precious metal through 2022 as inflation pressures ease through next year. In a telephone interview with Kitco News, Rob Haworth, senior investment strategist at U.S. Bank Wealth Management, said that the global supply crunch is the most significant factor pushing inflation to levels not seen in 30 years. However, he added that these issues can be resolved as the global economy recovers from the COVID-19 pandemic. He added that even with the Federal Reserve reducing its monthly bond purchase and looking to tighten interest rates next ... (full story)