Tag: inflation
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What Happened to Gold in 1980?
Throughout the late 70s, gold went on a bull run that was even more dramatic than the current bull market — only it ended suddenly and abruptly in 1980 — destroying the investments and life savings of those who believed “this time was different” and that gold was the only investment worth investing in. This…
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Mixed emotions arise as gold reaches a new record high breakout.
Amid growing fiscal deficits, heightened tensions between G7/BRICS, and the looming threat of runaway inflation, the prospect of higher precious metals prices became increasingly compelling. Now, with a significant breakout in prices, the desire for more time to accumulate gold below the $2,000 mark intensifies. Gold (GC=F) has exhibited an impressive streak, securing five consecutive…
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US Economy Surprises with 3.3% Fourth Quarter Growth, Defying Expectations
In a surprising turn of events, the US economy exceeded expectations by growing at an annualized pace of 3.3% in the fourth quarter, according to the Bureau of Economic Analysis. This surpassed the consensus forecast of 2% by economists surveyed by Bloomberg. Despite concerns about a slowdown, the GDP release underscores the resilience of the…
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Gold Prices Under Pressure as March Fed Rate-Cut Expectations Diminish.
Gold prices experienced a decline on Monday, reflecting investor reconsideration of the Federal Reserve’s stance on interest rates. Policymakers stress the importance of maintaining tight interest rates for sustainable inflation, leading to selling pressure on the precious metal. The absence of fresh cues on Middle-East tensions further diminishes the appeal for gold. This article examines…