For generations, dealing with runaway inflation was as simple as buying gold (GCQ26). When the purchasing power of paper currency erodes, the yellow metal is supposed to act as a store of value which can't be de-based.
Yet, as persistent inflation continues to drag on the global economy this summer, gold isn't soaring to new heights. Instead, it is fading away.
Dollar Supported by Higher T-Note Yields and Crude Prices
Dollar Firms With T-Note Yields and Crude Prices
Dollar Supported by Higher Crude Prices

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