Gold Breaks US$2000/oz as US dollar Loses Credibility as Reserve Currency

<p>Breaking yet another new record, gold price has surpassed psychological level US$2000/oz. As we mentioned in last week’s report, the key drivers for the rally are low real yields and rising inflation expectations. Weakness is US dollar is another driver for the yellow metal&#8217;s strength. However, the negative correlation between the two assets are not [&#8230;]</p>
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