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Your Money: Gold may flourish if a debt or currency crisis unfolds
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financialexpress.comGrowing unease that inflation will slow the economy and sabotage the stock market rally led gold to five-month highs in November flirting with the $1900 mark levels. Then in a dramatic reversal, the metal temporarily retreated below the $1800 level as the dollar strengthened only to end the month at $1774.5 an ounce, a decline of 0.5% for the month.
The rupee depreciated by 0.4%, supporting domestic prices. The emergence of the Omicron variant has started impacting the economy to what earlier was assumed to be a post-Covid world and is seen clearly putting support for gold while other asset markets see some money taken off the table to assess the real impact.
Gold and US Fed In October, the Fed said the US economy was doing well enough to
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