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Gold Buyers Can't Believe Wall Street Inflation Outlook at $1,045 an Ounce

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"Gold’s rally to a record shows commodity investors remain concerned that the U.S. economic recovery will spur inflation even as Wall Street forecasts and government bonds suggest stable prices," Bloomberg observes, highlighting the disconnect between inflationists and those anticipating stagnant growth. "Demand for gold is increasing as U.S. government debt reaches record levels and the Federal Reserve keeps interest rates near zero percent. Inflation surged to a 14.8 percent annual rate in March 1980 after a four-year gain in gold that included a then-record $873 in January 1980."
SOURCE:   Bloomberg