Gold is down +6% for ytd and could outperform in the short term as riskier assets get sold off and rotate into gold.
Additionally betting on a weak dollar to prop up gold again. Adjusting gold by multiplying it by the USD index gives a better linear trend with more support points [bottom graph].
Additionally betting on a weak dollar to prop up gold again. Adjusting gold by multiplying it by the USD index gives a better linear trend with more support points [bottom graph].
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