1. Dxy as DXY falls Gold rises, this applies only for short term, but long term no relation. 2. Yields of Bonds, AS #US10Y and #US02Y falls, the GOLD rises and this makes sense. As investors take their money off the Bond market and invest it in Other assets including Gold. 2. Purchase of Central banks, recentely the Chinese Central bank has been buying quite bit of Gold. 3. Supply and Demand 4. Increased popluation over time 5. Inflation but only on long term 6. Wars and Geoplotical problems 7. Periods of Growth 8. Liquidity problem could drop oil Gold as investors liqudify gold like what happen at start of Covid, Gold dropoped first then rose. 9. Global debt espcially USA debt 10. Chinese Government trying to get rid of Dollar as it fears if it tries later to take Taywan, the NATA will freeze the Chinese assets. China has 1 Trilion Dollar in USA BONDs 11. Over time the supply of GOLD will decrease, as poplucation increasing, so Gold price will continue to rise on the long run. 12. Dollar Dominance, as the King dollar is losing its trust slowly, more countries as going to divesify the forighn currencies in their central banks. Dollar is losing slowly.
All these factors lead to the belief #GOLD is up to a strong bull market.
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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.