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Wednesday, July 29, 2020

What Drives the Gold Rush?


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The price of gold recorded a new all-time high this week, rising above $1,981/oz. Naturally, the rise brought a lot of attention and coverage from the financial media. Moreover, the surge higher triggered a bid in silver too.  But what triggered the recent gold rush, and why now?
Long-term gold bulls do not understand why market participants are surprised by the rise in gold. After all, in times of crisis, gold acts as a safe-have…

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