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U.S. Political Uncertainty, Inflation To Support Gold Prices - Mitsubishi

From kitco.com

Although gold prices have been stuck in a rut around $1,200 an ounce for five weeks, one precious-metals analyst sees potential for the yellow metal as U.S. investors are ignoring growing domestic political and inflationary risks. In a report released late Monday, Jonathan Butler, precious-metals strategist at Mitsubishi Corp., noted that the U.S. mid-term elections are less than two months away and the results could have implications for the U.S. dollar and in turn gold prices. “It is no secret that Donald Trump’s presidency hinges on the mid-term elections – if the Democrats gain control of the House of ... (full story)

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  • Category: Fundamental Analysis