【Market Update】First, let’s lay out the timeline: this round of gold’s pullback began after the outbreak of the US-Iran war. The surge in oil prices stoked inflation concerns, and expectations of interest rate hikes rose, putting gold under pressure and driving it down nearly 25%. Last Friday, it briefly fell to $3,975 per ounce, then recovered to around $4,020 on Monday. But while prices fell, ETFs were buying: gold ETFs saw record inflows of $31 billion in the third quarter. What’s weighing on gold is the war and rate-hike expectations; what’s supporting it is long-term capital. Is this a reversal or an opportunity?
$BTC $ETH $XAU
#黄金 #美联储 #Inflation
(Source: BeInCrypto)
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