GREY:VITFF - Post by User
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GoldenPolarBearon Jul 22, 2024 10:14pm
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Post# 36143680
Gold above $2400 POG time to produce GOLD
Gold above $2400 POG time to produce GOLD "...
Gold tests support below $2,400 per ounce as Biden exit prompts traders to reprice risk..."
"... “The precious metal’s appeal strengthened as investors sought a hedge against an uncertain political and market outlook,” wrote analyst James Hyerczyk at FX Empire in a market update. “President Joe Biden’s decision to abandon his reelection bid has cleared the way for another Democrat to challenge Donald Trump. This political shift has contributed to a weaker dollar, making gold more attractive to buyers holding other currencies.” Hyerczyk said that if Trump is elected, the Republican candidate’s proposed economic policies could potentially fuel inflation. ..."
https://www.kitco.com/news/article/2024-07-22/gold-tests-support-below-2400-ounce-biden-exit-prompts-traders-reprice-risk