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We have long held the belief that gold and the US dollar have an inverse relationship and that the relaxation of monetary policy will eventually weaken the US dollar and, in turn, boost gold prices.
Last week was no exception, as the Federal Reserve once again moved in an attempt to stimulate the economy and ignite inflation.
The day before the FOMC meeting concluded their meeting, gold traded as low as $1,485/Oz as uncertainty and speculation were the order of the day. Once the meeting had been concluded with the announcement of a rate