Gold hopes for miracle. Forecast as of 06.10.2023

De-dollarization and high demand for physical assets from China have kept gold from falling for a long time. However, as soon as it became clear that high debt rates would last for a long time, XAUUSD quotes collapsed. Let's discuss this topic and make up a trading plan.

Weekly gold fundamental forecast

Gold did what it was supposed to do. Collapsed. It does not generate interest income, so it is not able to compete with bonds when their rates rise. In addition, the precious metal acts as a kind of anti-dollar. The strengthening of the USD index by 7% from the levels… Read full author’s opinion and review in blog of #LiteFinance