The Fed Banksters whipped up rhetoric of “one more & done” or additional rate hikes appears to be finished, as many suspected it was a false narrative anyway, despite the fudged numbers.
I suspect Gold was being heavily suppressed under this mantra, and now the markets have priced in no more rate rises.
The big question is “will they cut” ?
As these wars ramp up in Ukraine & the Middle East, Oil will go through the roof, creating more inflation & dampening already tapped out consumer spending.
I don’t think that golds recent rise is a flight to safety, I suspect it’s a reaction to the fact there will be no more rate rises, and possibility of rate cuts in the next 6-12 months.
If & when they cut, that’s when Gold will really fly, as they face the fact they’ve lost the “fight against inflation”…
