Some gold news !!!!! I'm bullish on gold next week. There is a lot that is baked into the cake already. People know what the Fed is going to do. We've heat peak inflation. And those inflation expectations will start to come down, and Fed will be tightening into a slowing economy. You'll see bond yields dip lower, and the dollar index will soften. Gold is a better place to be at the moment. Same with silver," Blue Line Futures chief market strategist Phillip Streible told Kitco News.
Plus, with inflation hitting the highest level since 1982, investors are bound to finally turn towards gold for protection, said Adrian Day Asset Management president Adrian Day.
"More and more investors realize that inflation is real and will be more persistent than the original narrative; and equally that the Federal Reserve, the European Central Bank and other major central banks are seriously lagging in fighting a phenomenon that they don't believe exists," Day said.