Gold is down +6% for ytd and could outperform in the short term as riskier assets get sold off and rotate into gold.
Additionally betting on a weak dollar to prop up gold again. Adjusting gold by multiplying it by the USD index gives a better linear trend with more support points [bottom graph].
Additionally betting on a weak dollar to prop up gold again. Adjusting gold by multiplying it by the USD index gives a better linear trend with more support points [bottom graph].
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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.