4D
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. 🤷
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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@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.
- 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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