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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: bull_dozer who wrote (189767)	7/11/2022 8:13:17 PM
From: TobagoJack	Read Replies (1) \| Respond to of 217545

implications for gold, certainly, but unknown, if true, and even if false, dollar undoubtedly going up to wreak everything except the dollar itself, until pivot, following which ... Message 33916892

To: bull_dozer who wrote (189767)	7/13/2022 11:15:13 PM
From: TobagoJack	1 Recommendation Recommended By Arran Yuan Read Replies (2) \| Respond to of 217545

‘They’ are very good at what they do … bloomberg.com Gold Wavers as Nervous Traders Again Turn to Greenback as Haven Bullion rose on Thursday after searing US inflation report A fall in US dollar needed for sustained gold rally: Lennox Jason Scott 14 July 2022, 09:31 GMT+8 Gold dipped after rallying in the wake of a searing inflation report from the US, as investors again turned to the greenback as a haven asset. Bullion on Wednesday bucked a downward trend that’s seen it slide for four consecutive weeks after data showed US inflation roared last month to a fresh four-decade high, up 9.1% from a year earlier. The precious metal finished up 0.6% in the previous session as investors bet that the Fed is more likely than not to raise interest rates by 100 basis points when it meets July 26-27, a move that would boost the chances of the world’s largest economy entering a recession. By Thursday, investors had digested the inflation news and again turned away from gold to the greenback as a hedge, according to David Lennox, a resources analyst at Fat Prophets. “We’d really need to see a much lower US dollar for gold to get a sustained positive kick going forward,” said Lennox. “Investors are turning more to the greenback than bullion as a haven asset.” This year, gold prices have been volatile as Russia’s invasion of Ukraine spurred a rally in the haven to well above $2,000 an ounce in March, only for the momentum to fade as the growth and inflation outlook shifted. In recent weeks, investors have cut holdings in bullion-backed exchange-traded funds. Spot gold was down 0.4% to $1,728.09 at 9:10 a.m. in Singapore. The Bloomberg Dollar Spot Index gained 0.3%, reversing Thursday’s decline. Silver, platinum and palladium all fell. Sent from my iPhone