Gold Drops After Spiking To Record High of $2,130 ...Middle East

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Gold Drops After Spiking To Record High of $2,130
On Friday, shortly after Powell failed to hammer the hawkish case in his "fireside" chat with stocks eager to take out 2023 highs, we said that Powell has a big problem on his hands not so much because if the market was indeed correct about imminent easing that only assures that inflation will come back with a vengeance and Powell would indeed be the "second coming" of a former Fed Chair - only Burns not Vlcker  - but because the kneejerk surge higher in gold (and digital gold) meant that the once again deathwatch for the dollar - and…

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