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Citi economists explain why gold is surging above $2,000, and what it could tell us (cnbc)

However, they clarified that the gold rally was not forewarning of a “burst of inflation,” as some might suspect, despite central bank stimulus and rising private sector credit growth.  “The monetary theory of inflation has been replaced by labor and product market micro theories, and market pricing of inflation risk is low,” the economists led by Catherine Mann said. “So Gold is not presaging inflation.”   The gold rally was also not an indicator that the dollar would…

Gold steadies near record high as dollar bounces on U.S.-China row (Reuters)

* Silver slips, but up more than 16% so far this week * Gold set for ninth straight weekly rise “It’s difficult to hold anything but a constructive view (on gold),” said ING analyst Warren Patterson. “Whilst the pace of the rally may slow, there certainly does seem to further upside in the near term, and for the remainder of the year.” https://www.reuters.com/article/global-precious/precious-gold-steadies-near-record-high-as-dollar-bounces-on-u-s-china-row-idUSL4N2F90NV

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