Gold Rebounds as Improving Economy May Boost Demand for an Inflation Hedge

Bloomberg reported that signs of a strengthening economy and possible inflation caused gold prices to rally.

The market news is quoted as saying:

“Gold is embracing the inflationary discussion,” said Adam Klopfenstein, a senior market strategist at Lind-Waldock in Chicago. “The huge rally in the S&P gave gold the risk-on attitude that it so dearly needed. Gold is acting more as a reflection of the growth element in the economy.”

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