Gold's Bull-Bear Battle Has Just Begun - GoldFix Market Rundown - Gold Eagle
Gold's Bull-Bear Battle Has Just Begun - GoldFix Market Rundown - Gold Eagle
Source: Gold Eagle
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DW NOTE
Gold has fallen 22.6% from its January high of $5,318. The retreat follows the unwinding of the geopolitical premium after the U.S.-Iran ceasefire reopened the Strait of Hormuz. Producer prices are still rising at 6.4% and real rates remain negative, but that hasn't stopped holders from selling into a normalising risk environment. When the premium was fear, the exit is relief.