$GOLD just broke $4,700 for the first time since early winter. Haven't seen these levels in over 3 months.
Usually means one of a few things: dollar weakness, rate cut expectations heating up, or safe-haven demand kicking back in. Sometimes all three.
Worth watching if this holds or if it's just a quick spike. Gold tends to move in waves, and we're either starting a new leg up or about to see profit-taking.
If you're holding miners or gold ETFs, this is the move you've been waiting for.
Usually means one of a few things: dollar weakness, rate cut expectations heating up, or safe-haven demand kicking back in. Sometimes all three.
Worth watching if this holds or if it's just a quick spike. Gold tends to move in waves, and we're either starting a new leg up or about to see profit-taking.
If you're holding miners or gold ETFs, this is the move you've been waiting for.
