Gold in Perspective
Chart shows GLD, inverted US rates & USD
Even though gold has lagged expectations, it has held up well considering rise in DXY/ US rates.
Political uncertainty and mounting debt continues to support outlook for gold price long term.
GLD breaks highs would be a favourable development.
If real rates continue to rise or there is a vol shock, expect further weakness.
Even though gold has lagged expectations, it has held up well considering rise in DXY/ US rates.
Political uncertainty and mounting debt continues to support outlook for gold price long term.
GLD breaks highs would be a favourable development.
If real rates continue to rise or there is a vol shock, expect further weakness.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.