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In fact, thats why the precious metal gained in the beginning of the year as the result of global economic concerns. While economic conditions are starting to improve, they are far from perfect. In fact, in some areas, the global economy is declining. Just take a look at what were seeing with regard to inflation in China, inaction by the European Central Bank, and US jobs growth. At the end of the day, the global economy isnt out of the woods just yet.