As taper talk battles COVID cases continuing to rise, it appears the brief suppression of gold’s paper price has stalled as Gold Futures jump back above $1800 ahead of this week’s Jackson Hole summit.
This has erased all of the payrolls plunge and the flash crash losses from the prior week…
![](https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/2021-08-23_6-08-47.jpg?itok=1rMlZvXB)
Arguably, gold has a lot more to gain if real yields are to be believed…
![](https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/bfm8A59.jpg?itok=-oOF3cSq)
Is gold seeing the reality that Powell is entirely boxed in on the taper and it won’t happen? (and is that why crypto is also running higher)?
Credit: Zero Hedge
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