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Fidelity International/Grahm Smith/7-23-2021
“In the current environment of rising inflation, however, the link between gold and inflation may well become more pronounced.”
USAGOLD note: We referenced this analysis in yesterday’s Daily Market Report and repost it here for those who may have missed it. It is not simply what is said, though it is pertinent, but who is saying it. Fidelity International is the international arm of Boston-based Fidelity Investments – one of the largest financial firms in the world. It believes gold is on track “to rescale the record high levels it saw last July at just over $2,000.”
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