If gold hits $5000 before Feb, I would expect a healthy pullback as long as there isn't a strong signal for a nice upward momentum. Which leads me to side with Jeffries and Yardeni IF the former happens, however I expected it to dip earlier and then steady a little before hitting the $6000 around end of March or April at the earliest due to Spring Festival celebrations and a slower pace.
Gold Freefall on Hawkish Fed Chair: Sell or Add?
Gold and Silver just delivered historic volatility. Spot gold swung nearly $500 in a single day, plunging from a record $5,596 to $5,105. Intraday one-minute bars saw $100+ moves, as liquidity evaporated and profit-taking accelerated.
Analysts point to forced selling, investors monetizing metal gains to offset losses elsewhere—while a firmer dollar added pressure.
On Friday, the selloff exacerbates.
Can gold and silver quickly rebuild upside momentum?
Would you sell or add?
Is the bull still here?
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