After Trading Flat, Gold Now Higher
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After trading flat earlier, Gold is now trading higher. ETF SPDR Gold Shares (NYSE: GLD) is up about 0.5%. Gold spot is up about $5 to $943.
Driving the upside is dollar fears highlighted by Warren Buffett's op-ed piece The Greenback Effect�and PIMCO's Mewbourne piece suggesting the Greenback losing status as world's reserve currency.
Driving the upside is dollar fears highlighted by Warren Buffett's op-ed piece The Greenback Effect�and PIMCO's Mewbourne piece suggesting the Greenback losing status as world's reserve currency.
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