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Gold Begins To Clear Resistance As Federal Reserve Redefines The Meaning Of “Transitory Inflation” – Mike Swanson (07/29/2021)

wallstreetwindow.com
 2021-07-29

This morning gold traded above $1825 after Federal Reserve Chairman Jerome Powell redefined the meaning of transitory inflation at yesterday’s press conference he held following the FOMC statement. This is a key moment for the price of gold, mining stocks, and even the price of silver as all three fell in June and then went through a price stabilization phase. That phase appears to be ending today to mark the start of a new metals rally.

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