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The View From the Montana Log-Cabin as Gold to hit $18,000? I hope not!

By Nigel Somerville | Sunday 18 July 2021


 


Gold closed this week at $1812 – up a notch from last week’s $1808. That’s a fourth weekly gain in a row, which is good, but given that the price peaked at over $1830 it’s a bit of a disappointment. The surge was in reaction to yet another set of US inflation data well above expectations, but the response was short-lived.

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