This should have been a great year for gold. Here’s why it isn’t

Gold bars are sorted in India. Monetary policy, Treasury yields and the dollar are among factors hurting the precious metal’s appeal. (Photo: iStock) — Gold bars are sorted in India. Monetary policy, Treasury yields and the dollar are among factors hurting the precious metal’s appeal. (Photo: iStock)

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3 min read . Updated: 19 Sep 2022, 05:43 PM IST Hardika Singh, The Wall Street Journal

The yellow metal is supposed to be a haven when stocks are a mess, but it is down almost 8% this year

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Investors expected sticky inflation to lift gold prices this year. Instead, the opposite happened.

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