Right now, several factors are putting pressure on gold at the same time:
→ High interest rates from the Fed. As long as the market isn’t anticipating rate cuts and bond yields stay elevated, gold becomes less attractive
→ Calming geopolitical tensions reduces demand for safe-haven assets
→ After a strong rally, many investors lock in profits, adding even more selling pressure
→ Central banks have been among the biggest buyers of gold. If this demand starts to slow down, the market loses a major source of support (Turkey is already selling gold)
→ A strong U.S. economy and a stronger dollar are pushing capital toward stocks and other risk assets
→ Historically, after major rallies, gold often corrects by 20–40%, and the end of summer through early autumn is generally a weak seasonal period
Do you realize what this means?
One catalyst alone wouldn’t worry me
But when all of them start lining up at the same time, I pay attention
That’s exactly what’s happening right now
I already said it, and everything is still playing out according to my plan