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Amid rising volatility, a new gold standard may be closer than we think

Amid all the artificial intelligence-induced euphoria – or irrational exuberance – in stock markets and despite the unease caused by rising bond yields and falling prices, relatively little attention has been paid to the rising price of gold. The implications have potentially seismic monetary significance. Those who do see fit to comment on gold’s dramatic price increase this year – passing US$4,000 an ounce for the first time on Wednesday – tend to brush it off as a reaction to a falling US...


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