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Inflation worries come true, gold prices rise! Global Yangma group stores gold

Inflation worries come true, gold prices rise! Global Yangma group stores gold
Original title: inflation worries come true, gold prices rise! On May 18, the international gold price once exceeded US $1870 / oz, reaching around us $1670 / oz at the beginning of the year. In an environment of tepid inflation, it is difficult to pay attention to gold. But now, when inflation concerns really rise and may threaten economic health, gold finally rises and is endowed with the attribute of hedging against inflation. This is just like the inflation cycle ignited by the crude oil crisis in the 1970s. However, it remains to be seen how the final inflation prospects will be. The resurgence of the epidemic in parts of Asia and the escalation of tensions in the Middle East have also boosted gold prices recently. Although gold is far less attractive this year than other surging commodities, its allocation value remains unchanged. Wang Lixin, China managing director of World Gold Association

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