Gold Still Below Record High as Metal Fails to Surge on Inflation

Gold Still Below Record High as Metal Fails to Surge on Inflation
Gold bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, Aug. 14, 2019. Michael Dalder/Reuters
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Gold futures are poised to finish October at about 3 percent higher, trading at around $1,800 per ounce. However, year-to-date, the precious metal is still down by approximately 5 percent.

Silver, which is on track for a 9 percent gain this month, has performed even worse in 2021, as prices have slumped by roughly 9 percent year-to-date.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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