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Why Gold Still Shines Through Inflation

Gold prices continue to rise despite tumult in the financial sector after the collapse of Silicon Valley Bank and Signature Bank.

jeudi 6 avril, Il y a 9 mois
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Gold has remained stable amidst concerns over the health of the global economy and the recent turmoil in the financial system.

The precious metal has continued to shine because investors value it for its stability during uncertain times, and it is often looked at as an alternative to the traditional banking system.

In March, gold benefited from the expectation that central banks would reduce the speed of interest rate hikes in order to cut pressure on the financial system.

Gold is also getting a boost from a decline in the dollar, which lifts the price of commodities that are backed by the US currency, one of which is gold.


Vocabulary:

• To Glitter
To produce a lot of small, bright flashes of reflected light.

• To Sell-Off
To sell all or part of a business.

• Bid
An attempt to achieve or get something.

• To Curb
To control or limit something that is not wanted.

• asset
Something valuable belonging to a person or organization that can be used for the payment of debts.

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