Gold is now seeing a “tug-of-war”: one side is: 🔴 bearish for gold— the Fed is leaning hawkish, real interest rates rise, the DXY moves up, and U.S. Treasury yields increase, leading investors to take profits.
The other side is: 🟢 bullish for gold— the U.S. fiscal deficit, U.S. debt exceeding $4 trillion, pressure on long-term bond supply, geopolitical risks, central banks’ gold-purchase reserves, and ETFs are also increasing holdings. Concerns about diversifying away from the dollar’s long-term credit also matter—so gold is not following a single-direction logic right now.
Therefore, you just have to be patient and wait for U.S. Treasury yields to break down and for a financial crisis; the former is more likely to happen.#黄金 $XAUT
The other side is: 🟢 bullish for gold— the U.S. fiscal deficit, U.S. debt exceeding $4 trillion, pressure on long-term bond supply, geopolitical risks, central banks’ gold-purchase reserves, and ETFs are also increasing holdings. Concerns about diversifying away from the dollar’s long-term credit also matter—so gold is not following a single-direction logic right now.
Therefore, you just have to be patient and wait for U.S. Treasury yields to break down and for a financial crisis; the former is more likely to happen.#黄金 $XAUT