I think gold is more likely to consolidate first under rate pressure, especially if yields stay elevated.


But if inflation stays sticky because of high oil, the market will eventually have to reprice that, and gold should move higher again.


So to me, this feels like a pause in an uptrend, not a reversal.
# Gold Record Plunge! Buy the Dip or Keep Waiting?

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.

Report

Comment

  • Top
  • Latest
empty
No comments yet