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S&P 500
5,602.35
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-0.56%
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US TECH 100
19,891.64
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-1.13%
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Dow Jones
39,832.35
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85.04
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57,839.53
(
0.13%
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jumanji0881

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jumanji0881

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Friday, 10/29/2021 12:21:39 PM

Friday, October 29, 2021 12:21:39 PM

Post# of 37920
Gold price sharply down after hotter U.S. inflation data : https://www.kitco.com/news/2021-10-29/Gold-price-sharply-down-after-hotter-U-S-inflation-data.html

My comment : Totally illogical. Gold as an inflation hedge ?

Excerpt:
(Kitco News) - Gold prices are sharply lower and headed for a bearish weekly low close in early U.S. trading Friday. U.S. inflation data that came in hot, rising U.S. Treasury yields and a rebound in the U.S. dollar index on this day are all working against the precious metals markets bulls. December gold was last down $24.10 at $1,778.00 and December Comex silver was last down $0.27 at $23.85 an ounce.
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