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