We have seen the Federal Reserve increase rates of interest and hold those rates to deal with inflation over the years. During this period, the price of gold has been strong, with the metal recently reaching a new level of more than $2,400 in May. While the yellow metal’s price has dropped slightly since then, it’s still more than 20% higher than prices recorded last year.
With inflation demonstrating signs of moderating, the price of this precious metal may be affected. High levels of inflation are known to bolster gold’s price, with most investors using the…
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