Gold Just Hit $4,400 and the Miners Are Finally Catching Up - 24/7 Wall St.
Gold Just Hit $4,400 and the Miners Are Finally Catching Up - 24/7 Wall St.
Source: 24/7 Wall St.
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DW NOTE
Gold is down 17.6% from its January high of $5,318 and miners are not catching up — they are recovering from an even steeper drawdown. A $4,400 headline on a commodity trading at $4,380 after a five-month selloff is not a breakout; it is a partial retracement in a downtrend that began when the Hormuz blockade eased in June.