Gold: A rally to $5400 from here? - Kitco
Gold: A rally to $5400 from here? - Kitco
Source: Kitco
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DW NOTE
Kitco floats a $5,400 target while gold sits 22% below its January high at $4,174. The last time gold hit its peak, the 10-year yield was 215 basis points lower and the Strait of Hormuz was open. Now yields are climbing — up 47 basis points in a month — and physical disruption persists, yet the rally hasn't materialised. If the case for $5,400 depends on conditions worse than a partially-closed Hormuz and 5.22% yields, name them.