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Less Hawkish Fed Could Push Gold Prices Higher

From etftrends.com

Consumer prices rising amid hot inflation could hold down economic growth, and a less hawkish Federal Reserve could push gold prices higher. Gold prices have been range-bound in a $1,800 per ounce holding pattern that goes all the way back to summer of last year. With the Fed set to raise interest rates in 2022, that could push the dollar higher and set gold back even further, but things could change. Ambition may overcome the reality, and slower economic growth in 2022 could tell the Fed to scale back on its aggressive interest rate-raising policy. Weak economic data from high unemployment levels and growing ... (full story)

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  • Category: Fundamental Analysis