$4,000 Gold Could Be Wall Street's Next Big Buying Opportunity
Gold is struggling to regain its footing after retreating from September highs above $4,400 an ounce, as a stronger U.S. dollar, surging Treasury yields and expectations of further Federal Reserve tightening weigh on the precious metal. But while speculative investors have been reducing their exposu
Source: OilPrice.com
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DW NOTE
Wall Street spent eighteen months ignoring gold above $5,000 — now that it's fallen 21% to $4,194 they've discovered value. The metal that rallied through PCE inflation at 3.7%, a Hormuz closure choking off 12 million barrels daily, and a federal deficit running 4% higher year-on-year is apparently attractive only after the drawdown.