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The Fed Worries About Inflation. Should We Worry About Gold?

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ValueWalk

Oops!… Gold did it again and declined below $1,800 last week. What’s happening in the gold market? Q3 2021 hedge fund letters, conferences and more Gold Prices DeclineDid you enjoy your roast turkey? I hope so, and I hope that its taste – and Thanksgiving in general – sweetened the recent declines in gold prices. As the chart below shows, the price of the yellow metal (London P.M. Fix) plunged from above $1,860 two weeks ago to above $1,780 last week. It has slightly rebounded since then, but, well, only slightly. What exactly happened? Funny thing, but actually nothing revolutionary. After al…

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