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Gold Steps Back After Spiking to Record Highs
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Hello Tim,
Hope you had a great week!
Golds recent breakout warrants investors attention. As always, golds performance is telling a story about the global financial system that might otherwise remain invisible.
As the Feds monetary tightening approaches its conclusion and the long-term viability of US fiscal policy becomes a subject of scrutiny among the worlds foremost economists (both foreign and domestic), the outlook for gold looks increasingly bright.
Gold hit $2,146/oz on Monday, exceeding its previous all-time high by $65. The spike was short-lived, as gold subsequently dropped back down to $2,030 per ounce just below its previous peaks in August of 2020, March of 2022, and May of this year.
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Thanks so much for reading. Remember, your Vaulted advisor is always available to provide guidance on entry and exit points, investment strategies, and technical support.
We look forward to hearing from you!
Kind regards,
The Vaulted Team
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