🚨 Gold under pressure—is it time to start accumulating?
The Nasdaq 100 is down 1.6%, and U.S. oil has topped $96, while gold has lost nearly $100 per ounce and fallen below $4,100, as the dollar rises to its highest level since April 2025.
Many people asked me months ago: Is it a good time to invest in gold?
My answer was always that the possibility of U.S. interest rate hikes could weigh on gold, since it is heavily influenced by the dollar and interest rate expectations.
In my view, current prices may look suitable for gradual accumulation. But with expectations of rate hikes continuing through the end of the year, I wouldn’t rule out further downward pressure on gold.
Accumulating is an option, but there’s no need to rush.
#CPIWatch
#GOLD
#CryptoNews
$PAXG
The Nasdaq 100 is down 1.6%, and U.S. oil has topped $96, while gold has lost nearly $100 per ounce and fallen below $4,100, as the dollar rises to its highest level since April 2025.
Many people asked me months ago: Is it a good time to invest in gold?
My answer was always that the possibility of U.S. interest rate hikes could weigh on gold, since it is heavily influenced by the dollar and interest rate expectations.
In my view, current prices may look suitable for gradual accumulation. But with expectations of rate hikes continuing through the end of the year, I wouldn’t rule out further downward pressure on gold.
Accumulating is an option, but there’s no need to rush.
#CPIWatch
#GOLD
#CryptoNews
$PAXG