Inflation coming down pulling bond yields with it means much lower holding costs of gold as a product of the opportunity cost from dividends.
bond yields likely to fall as flight safety pile into bonds, never mind gold.
I’m not sure what the fundamentals of gold in relations to monetary policy really is these days. The noob, me, spotted a continue rise in gold eventually because post Iran crisis, it should have fallen off but held its gain. I was expecting a bit more sideways first but lagging Covid19 finally taken seriously by investors to have adverse impact on supply chain on everything. The source being China does not bypass of this crucial supply chain by shifting Int orders to other geo locations.
it looks like your average up shorts will be a daily occurrence for at least this week. Keep lots of dry powder.
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