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Wall Street eyes gold as inflation stirs, futures near multi-year highs

  • Spot gold posted a 1.6 percent climb on Wednesday, while gold futures currently trade near multi-year highs.
  • Recent signs of inflation have Wall Street wondering whether gold may resume its role as an inflation hedge.
  • "We think that it is a good time to own the precious metals," said EverBank's Chris Gaffney. "The volatility on the equity markets really has people looking at alternative assets."