Insights

Gold Is In Position To Rally

Following a strong break above $1.8K Gold is in position to rally this week. The fear/reality of inflation is starting to push investors into the safe haven metal. The Bureau of Labor Statistics announced that consumer prices spike 6.2% over this past year and this is NOT restricted to the US. A report by Eurostat released an estimate on inflation in Europe showing 4.1% according to incomplete data sets.

It is a good thing Gold is a globally traded safe haven. 

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