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Gold Recovers

Posted by 1st American Reserve on

Gold recovered to $1,840 late Monday, December 14, after correcting late last week following a series of anemic inflation reports and delays in the Congressional relief packages. The Consumer Price Index and Producer Price Index were each up only slightly, leading investors to think that the trillions in newly printed deficit dollars won’t fuel inflation, but that is only due to recent economic lockdowns and COVID fears. Once the economy opens up, we are likely to see sharply rising inflation.

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