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Here is why the price of gold has been on the rise
The price of gold has been in the news over the last few days due to the anticipated actions of the US Federal Reserve. The US Fed Chair, Jerome Powell, has indicated that interest rate cuts in the US could start as soon as next month. However, the situation is complicated if inflation remains a concern. This has caused a bit of volatility in the price of gold. So, what is the outlook for the yellow metal? Will it continue to rise? Gold has historically acted as hedges against inflation. Gold’s record in this regard is very good going back 3,000 years. Inflation has remained sticky all over the world. Although the ... (full story)
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- Aug 27, 2025 2:17am Posted byFundamental Analysis292
