Gold just wrapped up its second straight week in the red, and let me tell you, friend, this is no ordinary pullback. The August futures contract fell a staggering $98.90—nearly 3%—over five trading days, landing around $3,285 per ounce. If you’re wondering how in the world that’s possible when inflation is running hot and the dollar is tanking, you’re not alone. Inflation Is Still Climbing—and Your Dollars Are Worth Less On paper, gold should be soaring. The Bureau of Economic Analysis confirmed what most of us feel every time we buy groceries: inflation is still climbing. The Fed’s favorite gauge, the Personal Consumption Expenditures Index, jumped to 2.3% in May, and the so-called “core” number—stripping out food and energy—hit 2.7%.…
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