Which US presidential candidate does gold prefer?
Gold loves chaos and should be hitting new highs, especially with inflation coming down and with it, two rate cuts likely before year’s end.
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While most fund managers seemed to stick with the status quo and remain in gold and silver last week, some notable hedgies are taking profits and looking elsewhere, reports the Wall Street Journal.
Sources tell the paper those include: George Soros. His $28 billion hedge fund firm, now run by Keith Anderson, believes deflation is less of a threat.
Flickr image is from the World Economic Forum.