Hey everyone, quick take on the gold market: should we buy or sell today?
Gold dipped hard yesterday below $2325 but bounced back fast, now chilling around $2383. It's close to its record high and doesn't seem to cool off. Despite the U.S. dollar and Treasury yields going up, gold is holding strong, probably because of the tensions in the Middle East and bets on the Fed keeping it loose with the cash flow later this year. So, gold’s still looking like a solid bet for a safe place to park our cash. What's your move?
Gold dipped hard yesterday below $2325 but bounced back fast, now chilling around $2383. It's close to its record high and doesn't seem to cool off. Despite the U.S. dollar and Treasury yields going up, gold is holding strong, probably because of the tensions in the Middle East and bets on the Fed keeping it loose with the cash flow later this year. So, gold’s still looking like a solid bet for a safe place to park our cash. What's your move?
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