Gold dropped by a headwind. Forecast as of 18.08.2023

When treasury yields and the US dollar shine bright, gold does the opposite. The precious metal lost ground in mid-summer amid unfavorable conditions. Will things change? When? Let’s discuss it and make a trading plan.

Weekly fundamental forecast for gold

If you fail to adapt to the world’s changes, you risk getting stuck in the past. And lose money. The USD and US bond yields were falling not long ago on expectations of a recession and the Fed's dovish turn. Now everyone is discussing a soft landing, a long Fed funds rate plateau, or even a rate hike. The macro-environment… Read full author’s opinion and review in blog of #LiteFinance