Gold just broke $1350, at least on some screens. It’s the highest in nearly two months.
There is some chatter about a broad US dollar sell-off if the Fed doesn’t taper, something that could stoke inflation as well.
The uncertainty in markets (it’s sell everything mode today) also adds to the allure of gold. Of course, you knew gold had to rally when Bloomberg wrote the 5,000 obituary to the bull market yesterday.
