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After reversals in dollar and yields, gold unyielding

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Gold back at record highs and maintaining strong uptrend despite upturns in U.S. dollar and bond yields. Trend supported by negative momentum of expected real yield and TIPS yield, with yield curve at levels consistent with gold outperformance. Versus long-term trendline, gold less extended than it was at peaks in 1980 and 2011.

Ned Davis Research | Equities | Global Focus | Weekly

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