$XAUUSD: Gold firing on all cylinders

Seems like XAUUSD triggered a weekly up trend again, you can see it has been trending up strongly since I called the long term trend in Gold would take place a while back (see related ideas). Trump's ideas regarding inflation and rates might influence the Federal Reserve's actions going forward, perhaps the market is pricing this in now.

Historically, precious metals move in correlation to real interest rates, that is, inflation adjusted interest rates. At times, Gold might be affected by broad scale deleveraging at times of market stress, since it acts as collateral for many investors, or it might be bought as a hedge for geopolitical risk. In normal periods, real rates influence price the most.

Best of luck!
Cheers,

Ivan Labrie.