Gold Futures Seem To Breaking The Law of Fundamentals Normally, during times of economic uncertainty, including major wars, threats of recession, and stagflation, Gold Futures go up as it has a guaranteed return.
While the World Economy is going through times of uncertainty, including hyper staglfation, the Russo Ukrainian War, and now a threat of a recession is looming, Gold keeps going down as opposed to up.
Mathematically speaking, Gold should be up to $2,500 US per ounce, not plummeting below the $1,800 US per ounce average.
Something to think about.
Right after the 9/11 terrorist attack in 2001 and then the wars in Iraq and Afghanistan, Gold futures went up dramatically.
Now they seem to be breaking Laws of Fundamentals as Gold is going down in spite the Russo Ukrainian War.
Doesn't make intuitive sense.