If an economic recovery continues, expect the precious metal to suffer Questions about gold often get to the heart of what’s going on in finance and economics. Ask why the price is up so much this year, and the most popular answers are ones that might make the heart miss a beat: The Federal Reserve…

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Reuters/Phil McCarten   Mohamed El-Erian has warned that gold’s status as a “must-have” asset has led to its “bipolar personality”, as investors buy it as a hedge against both inflation and deflation. Gold’s rapid price rise “is yet another unintended result in a lengthening list of the exceptional involvement of central banks in the functioning of…

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