‘Gold is worth around $5k' as the yellow metal ‘has gone from a pure play on real rates to a pure play on liquidity' – Fidelity's Timmer

Gold's fair value has already reached $5,000 per ounce as the yellow metal has transitioned from a rate-based to a liquidity-based trade, according to Jurrien Timmer, Director of Global Macro at Fidel...

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