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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.

Only Powell can extend gold's false dawn Only Powell can extend gold's false dawn Only Powell can extend gold's false dawn Only Powell can extend gold's false dawn Only Powell can extend gold's false dawn

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.

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