Gold edges to 4-month high amid inflation concerns & crypto crash ...News

The price of gold approached its highest level since January on Tuesday, close to erasing this year’s decline as investors turn more bullish on the precious metal. Spot gold was trading at $1,880.31 per ounce in London. Last week the prices reached their highest since January 8, climbing to $1,890.13. The price growth comes as investors are weighing comments made by the US Federal Reserve about inflation. Governor Lael Brainard, Atlanta Fed President Raphael Bostic and St. Louis’ James Bullard said they would not be surprised if supply shortages push prices up in the coming months as the world recovers from the pandemic and pent-up dem

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