@DavidFou64781@hajiyev_rashad PM’s are the most manipulated market in the world. The banks will decide what the prices should be, and when they’re ready to let the bull market resume.
@hajiyev_rashad Wait for the next CPI figures. It’ll break below if we see a huge inflationary spike as a result of supply shortages from the Hormuz closure. A very likely outcome now that the war has resumed and further peace talks are off the table.
@TaviCosta@TFMetals They can afford rate hikes…just not sustained for the longer term. Short term, rate hikes are a very real possibility, and gold will react “accordingly” to a higher dollar.
@hajiyev_rashad Tool? It’s a simple case of macroeconomics. Gold faces higher inflation, rates, and dollar headwinds, mostly as a result of this war. Tell us what the catalyst is for higher gold short term in your opinion.