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Gold is faced with a double-edged sword of inflationary pressures, said Gary Wagner, editor of TheGoldForecast.com, who expects near-term downward pressures to prevail.
Wagner discussed with David Lin, anchor for Kitco News, the Fed’s options after Jerome Powell admitted in a testimony Tuesday that the current economic path is “unsustainable.”
0:00 – Return to the 1970s?
5:17 – U.S. ability to pay back bills
11:15 – Inflation conundrum
12:29 – Gold price reaction and outlook
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