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Given the active buildup of debt amid the need to stimulate the economy after the consequences of Covid-19, Bloomberg analysts expect a further increase in gold prices.
Gold has been preparing for a long time with this breakthrough (above 1900 ATH). The cost of gold is nothing more than an indicator of inflation, since a huge amount of dollars is printed, and gold reserves +/- are the same. Behind the curtains for decades, they kept the gold exchange rate without letting it fly up too much (it can affect the stability of the dollar pyramid), but the time has come and there is no more way to restrain it. And the trigger was Basel III.