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We've seen a significant shift in Fed [U.S. Federal Reserve] policies over the course of 2019. Remember, back in December the Fed was raising rates. This year, they have become more dovish, and at the last FOMC [Federal Open Market Committee] meeting, they indicated that the next move might be a rate cut. With that shift in Fed policy, we've seen interest rates drop significantly. Real rates especially, which are big drivers of gold. Real rates have been falling. Also, the dollar has weakened. In fact, the dollar fell