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Is Gold Really an Inflation Hedge? :: The Market Oracle ::
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The FED Holds the Market How Long Will It Last? :: The Market Oracle ::
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Gold and Silver Futures on Thursday were trading with a negative bias at 12:10 pm falling by over Rs 170 and Rs 500 respectively. The domestic prices took cues from the international trends in the absence of any major domestic indicators Expert Anuj Gupta, Vice President (VP), Commodity and Currency Research at IIFL Securities said.Â
After hitting its highest level of USD 1916.40 on 8 January, the yellow metal showed weakness for the second consecutive day on Thursday. It was trading around USD 1903. The subdued show in bullion was on the back of a stronger US Dollar and positive commentary on the economic situation in the US. US Federal Reserve officials have been maintaining that the current price pressures were temporary. Meanwhile, Silver was trading around USD 28.12.  Â
Bidenomics is a big departure from sound economics. But when reason sleeps, gold fortunes are born. Biden’s triumph in the presidential election does not just mean that a new man lives in the White House. It actually implies a fundamental shift in economic policy . Some analysts even see Biden’s agenda as a decisive break with neoliberalism or “Washington consensus”. You see, in the old orthodoxy, most economists trusted in markets, argued for privatization, deregulation, and liberalization. Taxes and social benefits should be low and don’t discourage work and investments. The governments should run balanced budgets, avoiding large and permanent fiscal deficits , while central banks should hike interest rates to prevent inflation from running out of control.
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