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15.02.2018 | 13:10

ETF Securities: Rising US inflation bolsters gold price

The recent gold price developments are commented on by Nitesh Shah, Director Commitities Strategist at ETF Securities.

"Gold defied rising 10 year Treasury yields as US inflation surprised to the upside and the US Dollar continued to depreciate. However, the paradox of Dollar depreciation is likely to run its course as interest rates rise faster in the US than other countries. Barring shock events, gold prices are likely to end the year lower as a result."

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