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MINER'S RIGHT
Only Powell can extend gold's false dawn
Gold clawed its way back over the US$1800 an ounce mark late last week but whether it can go much higher after its eye-catching $120/oz rise in a month is very much in the hands of one man, Jerome Powell, chairman of the US central bank.
Three factors have lifted gold from its July 21 low of $1683/oz. Safe haven buying. A belief that inflation has peaked in the U.S. which could mean that interest rates might not go much higher, and the...
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