The challenge for gold prices in persists barring further escalation in the conflict between Russia and Ukraine, drawing in the EU, the US, and NATO into a widespread conflict, there are few bullish catalysts on the horizon. The macro fundamental environment should prove increasingly difficult for gold prices as Q3’22 progresses, particularly now that all major central banks have wound down their stimulus efforts.
Gold, like other precious metals, does not have a dividend, yield, or coupon, thus rising sovereign real yields (particularly US real yields) remain problematic. Put another way, when other assets are offering better risk-adjusted returns, or more importantly, offering tangible cash flows during a time when inflation pressures are raging, then assets that don't yield significant returns often fall out of favor. Gold behaves, in effect, like a long duration asset; a zero-coupon bond.
$VanEck Gold Miners ETF(GDX)$$iShares Silver Trust(SLV)$$Barrick Gold Corp(GOLD)$
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闪光的不一定都是金子。在过去的3年里，黄金和白银被证明缺乏光泽。他们价格的短暂上涨似乎是缺乏经验的人的陷阱。有传言称，金价将升至3k，白银将升至40美元，但现在它们都处于历史低点
...看起来更像是个骗局...那是我的观点...