What's going wrong for Gold lately? For the fifth day in a row, Gold futures have been declining in spite the fundamentals being in its favour.
In fact, while the economy is going through hyperinflation, sudden economic growth, and growing uncertainty due to COVID-19 making a comeback, Gold has not be reflective of it.
To make matters worse, investors are not spending their money wisely as the opt to buy investments that are unreliable like treasuries and bonds as your yield never changes even when market rates go up, your yield involves simple interest as opposed to compound interest found in your favourite savings or chequing account, and you lose money in real terms in the long run.
Time for investors to stop buying treasures and start buying Gold.