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The strong recovery can hardly hide the pressure of inflation, and the gold price breaks the intraday high again

The strong recovery can hardly hide the pressure of inflation, and the gold price breaks the intraday high again
Original title: the strong recovery can hardly hide the inflationary pressure, and the gold price broke the intraday high again. The gold price hit a three-month high on Monday due to the increased worries about the inflation in the United States and the increase of new crown cases in some parts of Asia. Although the price of gold has not reached the level at the end of last summer, it has recovered most of the land lost at the beginning of this year. With the development of New York manufacturing data in May, better than expected economic data put some selling pressure on the gold market. However, the momentum brought by inflation concerns still pushed the gold price to break through the three-month high set in the day. Inflation concerns pushed gold past the $1850 mark. According to government data released on May 12, the consumer price index rose 4.2% year-on-year in April, the fastest increase since 2008. This data has exacerbated concerns that as the economy recovers from the epidemic