Gold futures reach five consecutive cycle highs as debt concerns persist. - CME Group
Gold futures reach five consecutive cycle highs as debt concerns persist. - CME Group
Source: CME Group
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DW NOTE
The CME Group press release celebrates five consecutive cycle highs while gold sits 11.6% below its January peak at $4,703. That's not a rally — it's a managed retreat from $5,318 being repackaged as strength. When the asset that's supposed to hedge chaos gives back gains while the Strait of Hormuz stays shut for 133 days, someone is selling into the headline.