Gold in Perspective
Chart shows GLD, inverted US rates & USD
Even though gold has lagged expectations, it has held up well considering rise in DXY/ US rates.
Political uncertainty and mounting debt continues to support outlook for gold price long term.
GLD breaks highs would be a favourable development.
If real rates continue to rise or there is a vol shock, expect further weakness.
Even though gold has lagged expectations, it has held up well considering rise in DXY/ US rates.
Political uncertainty and mounting debt continues to support outlook for gold price long term.
GLD breaks highs would be a favourable development.
If real rates continue to rise or there is a vol shock, expect further weakness.
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