The price of gold may soon surge considerably, brought about by the increasing inflationary pressures that are improving bullion’s appeal. Earlier this week, the price of gold stood fast, despite gold futures in the United States recording a 0.1% gain and spot gold dropping by 0.2%. However, despite the modest decline, spot gold is still up by almost 8%.
Concurrently, the U.S. dollar, which has often been used as an alternative to bullion, is now in its second consecutive month of decline, which can be observed in the Dollar Index, which had dropped by 0.2% on Monday…
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