This wave of gold plummeting, many people still don't understand👇
It's not that safe havens have failed
It's that interest rates are harvesting everything
When oil prices rise → inflation expectations come up
inflation comes up → interest rate cuts are directly off the table
The result is:
The dollar rises, US Treasury yields rise
So can gold still be good?
The market has already given the answer
But most people are still saying "war is good for gold"
To put it bluntly:
👉 You're looking at the news
👉 The main players are looking at interest rates
Next question:
If interest rates don't drop, does gold still have a chance?