Silver also fell dropping 8.7%. This comes after a 60% year to date rally, with Gold hitting 9 straight weekly highs.
Why the Crash?
Profit taking after an euphoric run.
Easing geopolitical tensions in the Middle East.
Surging US dollars and bond yields.
Has Gold Peaked This Cycle?
I don't think so. If it drops below USD 4,000, I would buy as Gold is resilient and can only go up long term. Gold is a safe haven asset and a good hedge against inflation and geopolitical tensions.
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- 1PCΒ·10-22TOPNice Sharing π Yeah π Buy at or around 4000++... let's Go π @JC888 @Barcode @Shyon @DiAngel @Aqa @Sherniceθ»ε¬£ 20001Report
- okallaΒ·10-23Great article, would you like to share it?1Report
