Gold's $4,000 floor offers compelling value as investors look beyond Fed rhetoric – abrdn's Robert Minter - kitco.com
Gold's $4,000 floor offers compelling value as investors look beyond Fed rhetoric – abrdn's Robert Minter - kitco.com
Source: kitco.com
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DW NOTE
abrdn calls $4,000 "a floor" for gold when the metal is trading at $4,090 after falling 23% from its January high of $5,318. Floors are discovered in hindsight, not declared six weeks into a drawdown. If Treasury real yields stay positive and the dollar holds firm, the market will test whether that floor is concrete or wishful thinking.