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Gold is back – and it has a message for us
The precious metal’s surge may herald a whole new world.
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Gold prices have hit a high, and it has hurt footfall at jewellers.
PHOTO: ST FILE
Rana Foroohar
It’s easy to mock gold bugs, but their moment may finally have come. The precious metal has been breaking out recently amid higher than expected inflation in the US, and general anxiety over everything from geopolitics to the November presidential elections to where monetary policy and markets go from here.
All these things are predictable reasons for gold to surge. But there are deeper, longer-term messages in this rise that investors should pay very close attention to.
