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Gold/Mining/Energy : Gold Price Monitor

GDXJ 107.29

-0.9%

Dec 2 4:00 PM EST

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To: IC720 who wrote (115919)	1/9/2024 9:03:19 AM
From: Sun Tzu	Read Replies (1) of 116791

In the modern era there two causes for a rise in gold price: Lack of trust in gov/currency/etc that you mentioned. And the start of rate cuts (typically 6 months lag). The latter is often confused with inflation because there is strong but lagged correlation bet FFR and inflation. This cycle has been a little different for gold in that it didn't fall much when the rates rose. The reason for this is that central banks went on shopping spree to diversify their reserve holdings and because many countries are afraid of potential US actions against their USD holdings. Gold is likely to keep its value so long as the uncertainty remains. And should rise once the market is convinced that rate cuts are happening in the next meeting.

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