The gold bulls pile back in as it nears pre-FOMC levels ...Middle East

This week was a test for gold as it was hit by a somewhat hawkish Fed and higher Treasury yields. Despite that, the bulls pounded on some modest weakness and have aggressively bought today.

Ultimately, I don't think the gold bull case is about medium term Fed policy or inflation but about a breakdown in the decades-long order in trade and geopolitics.

This article was written by Adam Button at investinglive.com.

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