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Gold Exposure Increased to Highest Level in Over 10 Years
The economy is running hot and people are anticipating that rate hikes will eventually come down. This had led to gold trading sideways for much of 2023. Nonetheless, the precious metal is still up over 5% for the year. However, as Business Insider pointed out, global investment firm JP Morgan “found that global traders have largely been underweight non-gold commodity allocations in the past year.” But overall, “their estimated exposure to the yellow metal has increased to its highest level since 2012.” Long-term gold investors have been rewarded as the precious metal is up over 60% within the last five ... (full story)