#Gold 3/3
At the same time, this dynamic could create a balancing mechanism for gold. The revaluation of gold would help establish an equilibrium level between the new currency and existing reserve assets.
#Gold 2/3
Key development to watch here is currency that #BRICS is reportedly considering. This could work bidirectional. On one hand, new currency backed 25β50% by gold would likely support gold prices while also making new currency more attractive where capital could flow
#Gold 1/3
#FED rates are currently weighing on gold. However, in near future, as T-bill yields begin to put increasing pressure on refinancing the largest debt burden in history, high interest rates may start having opposite effect and could become supportive of higher gold