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August Economic Update - Gold, Trump wins again, Australian Recession
Welcome to September! Highlights From RBC on Gold
· Possible catalysts for gold to continue to run include a weakening USD as it may be both overvalued and losing its reputation as a safe haven currency, sustained low interest rates as assets flow out of fixed income, and inflation.
· Headwinds the team are watching for include rising rates, positive developments around a vaccine, and a rally in small-cap names which historically have been a sign of excessive optimism – these