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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (116183)	6/7/2024 10:20:43 AM
From: Rarebird	Read Replies (2) \| Respond to of 116789

Yes, Gold is giving back its gains from the two previous days. But keep in mind that we are living in the best environment for Gold: Stagflation. Stagflation, simply speaking is when the inflation rate is considerably higher than the growth rate. I would not be betting against Gold here. The next move by the Fed will be a cut, in fact, a series of cuts. Labor market is strong and tight. If it wasn't for all the illegals, the labor market would be even tighter with wage pressures stronger.