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Gold Finally Escapes From a Triangle Pattern to the Upside
A lot has been written about how gold can protect you against rising inflation and how this asset behaves, when inflation is surging. Probably a lot more was said about how gold is a safe haven asset and can perform better in a risk off mode. The theory wasn’t put into practice though, especially concerning inflation but the past few days gold has been bullish. The recent rise in the asset’s price is impressive. Gold finally moved to the upside, driven mostly by fear and risk off mode rather than inflation but hey, we have to start with something, don’t we?The rise is not happening in a totally random place. ... (full story)