Is the current crash in gold p

Is the current crash in gold price is just an overreaction? Central banks in oil importing nations currently view managing the oil price shock as higher priority than accumulating gold reserves. While gold is a hard asset, in an extreme liquidity crisis, it is also the most liquid asset to monetize (convert to cash) to pay for energy. As gold was in a state of extreme "overbought" euphoria during February, its price correction is imminent. As long as the DXY stays above 100 and the Fed remains hawkish, the valuation correction for gold is far from over. Gold price will continue to struggle as official reserves accumulation is not the central banks’ priority right now. Thanks @Tiger_comments @TigerStars @Tiger_SG @DailyTradingInsights @icycrystal

Gold Rebounds — Take Profits or Keep Holding?

Gold prices rebounded strongly, snapping a nine-day losing streak, as reports emerged that the U.S. is seeking a ceasefire to advance diplomatic negotiations. Gold rose as much as 2.2%, climbing back above $4,570 per ounce, extending the previous session’s 1.6% gain. Trump stated that Iran has presented a “gesture of goodwill” for negotiations, related to energy transportation through the Strait of Hormuz. According to Axios, Washington and regional mediators are discussing the possibility of high-level peace talks as early as Thursday, though they are still awaiting Tehran’s response.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":546213915784400,"tweetId":"546213915784400","gmtCreate":1774364185564,"gmtModify":1774433098492,"author":{"id":4091884160412060,"idStr":"4091884160412060","authorId":4091884160412060,"authorIdStr":"4091884160412060","name":"Aqa","avatar":"https://community-static.tradeup.com/news/4a899a6e247bc68815d3a2da3b82a81a","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":1,"individualDisplayBadges":[],"fanSize":659,"starInvestorFlag":false},"themes":[{"themeId":"05def354fa294c8b8406d66e2fe83a09","categoryId":"770db9836d2348e6a2ce970784159449","name":"Gold Rebounds — Take Profits or Keep Holding?","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":05def354fa294c8b8406d66e2fe83a09}&rnconfig={\"headerBarHidden\": true}","description":"Gold prices rebounded strongly, snapping a nine-day losing streak, as reports emerged that the U.S. is seeking a ceasefire to advance diplomatic negotiations.\n\nGold rose as much as 2.2%, climbing back above $4,570 per ounce, extending the previous session’s 1.6% gain.\n\nTrump stated that Iran has presented a “gesture of goodwill” for negotiations, related to energy transportation through the Strait of Hormuz.\n\nAccording to Axios, Washington and regional mediators are discussing the possibility of high-level peace talks as early as Thursday, though they are still awaiting Tehran’s response.","image":"https://community-static.tradeup.com/news/025e4890d44dd9277b3155eef6c6574d"}],"images":[{"img":"https://community-static.tradeup.com/news/e431ab50145dc2e0bca48cbb4b0843e5"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/e431ab50145dc2e0bca48cbb4b0843e5"}],"html":"<html><head></head><body>Is the current crash in gold price is just an overreaction? Central banks in oil importing nations currently view managing the oil price shock as higher priority than accumulating gold reserves. While gold is a hard asset, in an extreme liquidity crisis, it is also the most liquid asset to monetize (convert to cash) to pay for energy. As gold was in a state of extreme \"overbought\" euphoria during February, its price correction is imminent. As long as the DXY stays above 100 and the Fed remains hawkish, the valuation correction for gold is far from over. Gold price will continue to struggle as official reserves accumulation is not the central banks’ priority right now. Thanks<a href=\"https://ttm.financial/U/3501196737273098\"> @Tiger_comments </a><a href=\"https://ttm.financial/U/9000000000000149\"> @TigerStars </a><a href=\"https://ttm.financial/U/4106547232749330\"> @Tiger_SG </a><a href=\"https://ttm.financial/U/4191647544371950\"> @DailyTradingInsights </a><a href=\"https://ttm.financial/U/4132300740238052\"> @icycrystal </a> <t-t type=\"img\" src=\"https://community-static.tradeup.com/news/e431ab50145dc2e0bca48cbb4b0843e5\"></t-t></body></html>","htmlText":"<html><head></head><body>Is the current crash in gold price is just an overreaction? Central banks in oil importing nations currently view managing the oil price shock as higher priority than accumulating gold reserves. While gold is a hard asset, in an extreme liquidity crisis, it is also the most liquid asset to monetize (convert to cash) to pay for energy. As gold was in a state of extreme \"overbought\" euphoria during February, its price correction is imminent. As long as the DXY stays above 100 and the Fed remains hawkish, the valuation correction for gold is far from over. Gold price will continue to struggle as official reserves accumulation is not the central banks’ priority right now. Thanks<a href=\"https://ttm.financial/U/3501196737273098\"> @Tiger_comments </a><a href=\"https://ttm.financial/U/9000000000000149\"> @TigerStars </a><a href=\"https://ttm.financial/U/4106547232749330\"> @Tiger_SG </a><a href=\"https://ttm.financial/U/4191647544371950\"> @DailyTradingInsights </a><a href=\"https://ttm.financial/U/4132300740238052\"> @icycrystal </a> <t-t type=\"img\" src=\"https://community-static.tradeup.com/news/e431ab50145dc2e0bca48cbb4b0843e5\"></t-t></body></html>","text":"Is the current crash in gold price is just an overreaction? Central banks in oil importing nations currently view managing the oil price shock as higher priority than accumulating gold reserves. While gold is a hard asset, in an extreme liquidity crisis, it is also the most liquid asset to monetize (convert to cash) to pay for energy. As gold was in a state of extreme \"overbought\" euphoria during February, its price correction is imminent. As long as the DXY stays above 100 and the Fed remains hawkish, the valuation correction for gold is far from over. Gold price will continue to struggle as official reserves accumulation is not the central banks’ priority right now. Thanks @Tiger_comments @TigerStars @Tiger_SG @DailyTradingInsights @icycrystal","highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/546213915784400","repostId":0,"isVote":1,"tweetType":1,"viewCount":242,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["DZZ","GLL","GDXD","GLDM","1OZmain","AAAU","DGP","IAUM","XME","GDXJ","DUST","SGOL","JNUG","UGL","GDXU","GDX","IAU"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":635,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/546213915784400"}