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Why is gold moving up?
Why are gold prices soaring? The main reason is this year's precipitous drop in yields on U.S. Treasury's to levels below the expected pace of inflation. Unlike bonds or bank deposits, gold doesn't pay any income. As a result, owning gold means missing out on yields from other assets when interest rates are high
Why are gold prices soaring? The main reason is this year's precipitous drop in yields on U.S. Treasury's to levels below the expected pace of inflation. Unlike bonds or bank deposits, gold doesn't pay any income. As a result, owning gold means missing out on yields from other assets when interest rates are high
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