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Point/Counterpoint: Gold Bulls Vs. Bears

1 month ago   |   By FXCM

By Barani Krishnan and Geoffrey Smith
Investing.com - Gold prices ended the week on a high note, as escalating tensions between China and the U.S. over Hong Kong and Covid-19 pushed money into the safe haven.
But the gains on Friday were the exception, not the rule, as the yellow metal faced pressure throughout the week as optimism over the reopening of economies across the globe increased.
With prices above $1,700 per ounce, can gold keep pushing higher?
Geoffrey Smith argues that gold is no longer needed as a hedge for inflation and that as soon as the economic uncertainty of the...
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