Post by
Retiredgeo on Feb 13, 2024 9:15am
Gold action
Gold has dropped following an up tick in US inflation. FED rate cuts may be off the table for the foreseeable future. The US dollar is the chief competitor of gold. More US interest rate hikes are good for the US dollar and bad for gold.
Comment by
Gangsterme on Feb 13, 2024 9:37am
Broke through 2000$, now question is where will it go before stops rising again. This is likely a short term blip on downside. So says my ouigi board.