The price of gold is going to be dictated by China... imo and China's influence is increasing.
I ask myself.... why has the US been so aggressive in opposing the Nord stream2 gas supply to the EU? I think it's because it will transacted in the Euro further weakening the $US reserve status. One more straw for the camel's back.
The Fed's positioning this week confirmed that the inflation meme is correct... why else deviate from the ultra dovish message? Gold is valued by 2/3rds of the World's population which up until recently, coincidentally, has disproportionately little economic power.... that's changed. The opinion that gold is anachronistic is centred on western economic interests... and it's true only so long as those interests can remain dominant.
China is a dangerous, authoritarian power and unfortunately for the World the democratic forces have fumbled the ball badly.
