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It has become increasingly difficult to discount inflationary prospects following two weeks of economic indicators showing just that likelihood. More importantly, the readings are geographically diverse (Europe, China, and the US) as well as being diverse in their nature…
Finally the oversold Gold bounced in light of the US Dollar weakening! The Gold may takes cues from the US Dollar and the Crude Oil from time to time
Prices for goods imported to the U.S. in July fell on Thursday as the price of petroleum dropped.