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Researchers: Gold demand is expected to continue to receive strong support in the coming months.
Jin10 data September 22, reported by research director Catherine Brooks, stated that concerns about the Fed starting to ease monetary policy while the U.S. economy remains resilient have caused gold prices to soar to new record highs. Brooks noted that demand for gold looks set to continue receiving strong support in the coming months. She added that gold is the world's oldest inflation hedging tool, and as the Fed seems ready to initiate a new round of monetary easing, its appeal is expected to further increase.