Will the US economy live through an aggressive rate hike? Is high inflation here to stay? Gold’s fate depends on these issues. Let’s discuss them and make a trading plan.
Monthly fundamental forecast for gold
Marching against the crowd is like trying to stop a high-speed tram: it’s painful and useless. The crowd expects that the US treasury yield and the USD will continue to rally. A decline in response to Jerome Powell’s statement that considering a 75-point rate hike is no longer relevant looks delusive. If so, gold is in an unpleasant situation. The sellers went short at attractive… Read full author’s opinion and review in blog of #LiteFinance