Today many people ask:
"With the war escalating, shouldn't gold be rising?"
But the market directly slapped back👇
Gold plummeted, not because the safe haven failed
but because interest rates are killing
The logic is actually very simple:
oil prices ↑ → inflation expectations ↑ → rate cuts are gone → interest rates remain high
And gold does not earn interest
in the face of high interest rates = nobody wants it
Where is the money going?
👉 US dollars
👉 US Treasury bonds
This is why
in this war, gold actually fell
Remember this:
👉 What determines gold is never panic, but interest rates
Do you still dare to bottom fish for gold now?
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