Looks like it will not fall into bearish conditions though.
But the biggest culprit for gold being sold likely is the expectations of rising interest rates in USA
Just as stated, questions of fed independence makes this a funny proposition.
Does Warsh do the correct thing to try and halt the impact of inflation, or does his spine liquefy and maintains (or decreases, as prez Trunp keeps asking for) interest rates [Surprised]
Gold Breaks Below $4,000! Will We See $3500?
Gold fell approximately 1.4%, with spot prices breaching the $4,000 level. Bears argue that rebounding real yields and cooling geopolitics will pressure prices further, with $3,900 as the next technical support; bulls maintain that persistent central bank buying and de-dollarization trends keep the long-term thesis intact, viewing sub-$4,000 as a medium-term accumulation zone. Tactically, aggressive traders may scale in near $3,900 with tight stops, while conservative investors should await stabilization signals before re-entering. Will you buy this gold dip, or step aside and wait?
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