Japan gave gold a black mark. Forecast as of 28.07.2023

If the Fed has finished a tightening cycle, it will drop rates sooner or later. That idea allowed us to hope for the USD and bond yields' fall. The Bank of Japan did not agree. How will gold react? Let’s discuss it and make a trading plan.

Monthly fundamental forecast for gold

Financial markets can see some tectonism as the Bank of Japan scrapped its ultra-soft policy. The regulator bought bonds worth ¥465 billion, an equivalent of $3.5 trillion, under its quantitative easing program in the past ten years. At the same time, Japanese investors sold bonds worth ¥206 trillion,… Read full author’s opinion and review in blog of #LiteFinance