Somehow I don't think the drop in AUD causing inflation to go up coupled with oil price rise will have any effect in gold price. Uncle sam is suffering deflation with QR Infinity so how are they going to taper off? They taper off and treasury yields go up and that will kill off any housing price recovery which I believe is the basis of any economic recovery. Gold caught between a rock and a hard place IMO.
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Somehow I don't think the drop in AUD causing inflation to go up...
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