Gold’s Record Breaking Rally Hints at Inflation Fears
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Markets are sending a clear signal that the war against US inflation isn’t over yet.
Gold has soared 30% this year and is on the cusp of reaching $2,700 an ounce. A measure of long-term expectations for consumer prices, called the Treasury breakeven rate, climbed steadily over the past month and now stands around 2.3% — above the Federal Reserve’s target.