bearish

Gold

Why isn’t Gold starting to sell off? // The Big Sugar Rush

225 Views11 Jul 2023 08:59
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SUMMARY
  • Why isn’t Gold starting to sell off? In last week’s report, we already highlighted that the golden metal stays unattractive - as the Fed will likely do more rate hikes.
  • The, in some parts, stronger-than-expected job market data we received last week confirmed that view once again.
  • We find it interesting that gold hasn’t shown more weakness yet - even as rates continue to rise again.
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