Looks like it will not fall into bearish conditions though.
But the biggest culprit for gold being sold likely is the expectations of rising interest rates in USA
Just as stated, questions of fed independence makes this a funny proposition.
Does Warsh do the correct thing to try and halt the impact of inflation, or does his spine liquefy and maintains (or decreases, as prez Trunp keeps asking for) interest rates [Surprised]
Gold "Chain Drop", ETF Outflow: When to Buy the Dip?
On May 28, $XAU/USD(XAUUSD.FOREX)$briefly fell to $4,366/oz, a single heavy blow that sent it to its lowest point in nearly two months. Since the Iran war broke out at the end of February, gold has cumulatively fallen more than 17% in just three months, almost completely wiping out all of this year's gains. The more frantically people rushed to buy gold last year, the more painful being trapped is now.
How do you view the divergence among major banks on gold's price outlook?
ETF outflows: will you follow the trend or contrarian buy the dip?
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