Who put a spoke in gold's wheels? Forecast as of 04.08.2023

Gold would've felt confident if not for the BoJ, the Treasury, and Fitch, whose actions led to a rally of bond yields. Much will depend now on the US economy's reaction to the Fed's rate hike. Let’s discuss it and make a trading plan.

Fundamental forecast for gold for today

Recessions and recoveries follow one another. Gold would have updated historical peaks if things had developed as they were supposed to. However, the current economic cycle is unique. The Americans managed to save a lot amid pandemic-related fiscal and monetary stimuli. They chose to take out fixed-rate mortgages, making the… Read full author’s opinion and review in blog of #LiteFinance