🌟🌟🌟 Gold is in a macro driven pullback, not a collapse of fundamentals. The correction is largely due to higher interest rate expectations, a speculative unwind after crowded long positioning.
This is not the kind of selling driven by structural deterioration. This is why major banks remain long term bullish.
Central banks have continued their record accumulation of Gold reserves. So there is still high demand for physical Gold.
Great time to buy Gold ETFs like $SPDR Gold Shares(GLD)$ or $iShares Gold Trust(IAU)$ to buy and hold long term.
@Tiger_comments @TigerStars @Tiger_SG
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