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Here’s the Real Reason Gold Has Been Rising
There’s a more straightforward explanation for gold’s recent rise. Gold goes up when interest rates go down.
28 May 2020, 08:33 PM IST
(Bloomberg Businessweek) -- Gold has a reputation as a good hedge against inflation, so if gold is rising, it must be that markets are sniffing out inflation, right? Crispin Odey, a European hedge fund manager, even argues that governments may ban private gold ownership if they lose control of inflation in the wake of the Covid-19 pandemic.
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