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Gold ~ Daily
When interest rates spike higher, it is less appealing to hold non-interest-bearing assets. We are seeing that play out in real time today. Keep an eye on $4350 (blue line); this, in my opinion, is the pivot line between gold market insanity and sanity. If we fall below it, it suggests the gold market is normalizing. Can we see prices fall into the 3ks? #gold #metals #rates #bonds