Can there be a gold sell off ?

Gold, which has been in a corrective mode for a little less than a year, seems poised for another selloff as the dollar reaches its breakout level. The US dollar and gold have an inverse relationship as long as panic and inflation have not gripped the markets. Europe has been looming over the horizon for quite some time, but it has not created a panic in the market yet. Also, with the general slowdown in the global economy, inflation is not on the horizon except in a few emerging countries. If this scenario continues we could see a further selloff in gold on a dollar rally.

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