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At the same time, gold has seen 41 all-time highs and has already exceeded 2011’s performance when it posted 34 new all time highs. Gold prices have also crossed $2,800 per ounce for the first time in history. Adjusted for inflation, gold is trading at the highest level since the 1970s historic bull market. Gold is now on track to record the best year since 1979 when prices finished 120% higher. Gold is making history. submitted by /u/XGramatik |
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Yields spike after somewhat hot US economic data w/US 10y now at 4.67%: ISM Prices Paid Index came in higher than expected, signaling potential future inflation. At the same time, JOLTS job openings unexpectedly increased, w/previous month’s data also revised upward.
submitted by /u/XGramatik [link] [comments]