“Stagflation and gold are better bedfellows than anything you will read in ’50 Shades of Grey,’ and once gold comprehensively broke $2000.00 overnight, the rally accelerated sharply as expected. Gold rocketed 2.63% higher to $2,050 an ounce, edging slightly higher to $2,053 in Asia,” Jeffrey Halley, senior market analyst, Asia Pacific, Oanda, said. “The stagflationary factors that are so supportive of gold are persisting and will remain so.
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