Gold Price Forecast: Support Breakdown Deepens Bearish Pressure - FXEmpire

Source: FXEmpire

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DW NOTE

The Fed hiked in mid-September and gold has dropped 21.5% from its January peak — a $1,141 selloff that coincides exactly with the return of positive real rates. The Strait of Hormuz is closed, the deficit is running at $1.8 trillion, and the metal is still falling. That tells you what gold actually prices: not geopolitical risk, but the opportunity cost of holding a zero-yield asset when Treasuries pay 5.17%.

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