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Rising cost of living could run above the Federal Book's 2% target by as very early as April, claimed Joe Foster, profile supervisor of the VanEck International Investors Gold Fund, as well as a highly inflationary atmosphere will be the main stimulant behind gold rate breaching its previous all-time highs to reach over $3,000 an ounce.
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This is the gold price should hyperinflation kick in – VanEck’s Joe Foster
Inflation could run above the Federal Reserve’s 2% target by as early as April, said Joe Foster, portfolio manager of the VanEck International Investors Gold Fund, and a highly inflationary environment will be the main catalyst behind gold price breaching its previous all-time highs to reach above $3,000 an ounce.
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