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Gold all-time high - where is the journey going?

$965515 (+0,94%)

Driver of the increase:

-Geopolitical tension/uncertainties

-Weak economic outlook (expected - falling interest rates, weakening US labor market)

-Weakening dollar 💸 💵 💲

What do you think?

6 Comentários

Epi@Epi

I'm afraid gold is more complicated than the usual headlines suggest.

Z. For example, gold has performed wonderfully in recent years despite a latently rising USD.

The development of the USD's real interest rate differential is probably more relevant. But that is too complicated for Mainstreet. So they talk about a weak USD. Everyone understands that. 🤷

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Justus@DerEchte11

@Epi - You will certainly be right.

- In fact, there are also issues that are difficult to assess. = China's gold reserves 🇨🇳

- In addition, the expiry of central mechanisms of the petrodollar system (June 2024) could influence global demand for USD in the long term and strengthen the role of gold as a neutral reserve asset.

There are various factors, but I can at least hear a skepticism that does not explain the further rise in gold for you.

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Damian@Divalo

I'm still in with my lever and am keeping a very close eye on gold.....

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Epi@Epi

@Divalo If that's enough. Depending on the leverage, I would keep a very, very, very close eye on gold 😉.

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Damian@Divalo

@Epi 3 lever, running now since about January last year. So yes, very precise, best to stick under the eyelashes with a magnifying glass, but have sl inside in case the down case really comes

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Damian@Divalo

@Epi I was actually in a good mood to add it, but I'd rather wait and watch it for a while

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