The Financial Times has pointed to the “apocalyptic warning” of a major US hedge fund chief on the position of the dollar as the world’s reserve currency.
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Gold capped three consecutive weeks of gains as investors weighed inflation risks and spikes in coronavirus cases in some countries. Market-based gauges of inflation expectations have declined of late, though concerns linger that the post-pandemic recovery could stoke price pressures and force a pullback in extraordinary central bank support. Investors were also weighing the extreme volatility in Bitcoin, which may have lent an added pillar of support to bullion.
Inflation Freak-Out Looks Absurd In Recessionary Tokyo forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.