FED's hard rate hikes are pushing gold downwards.
However, inflation remains higher than interest rates.
This will probably continue for a long time.
If interest yields can exceed inflation, perhaps the 1680 level can be broken.
However, I don't see this as very likely.
Another factor is the decrease in the money supply and the slowdown in the money circulation rate. This situation can squeeze gold between $ 1685-2070 for a long time.
My general guess is that interest rates will remain below inflation for a long time, which may create demand for gold.
For now, interest rates continue to rise with hard interest rates and we have not observed a clear improvement in inflation yet.
If the stock markets fall excessively, investors will turn to the stock market as a repeat purchase.This may delay the rise of gold.
However, inflation remains higher than interest rates.
This will probably continue for a long time.
If interest yields can exceed inflation, perhaps the 1680 level can be broken.
However, I don't see this as very likely.
Another factor is the decrease in the money supply and the slowdown in the money circulation rate. This situation can squeeze gold between $ 1685-2070 for a long time.
My general guess is that interest rates will remain below inflation for a long time, which may create demand for gold.
For now, interest rates continue to rise with hard interest rates and we have not observed a clear improvement in inflation yet.
If the stock markets fall excessively, investors will turn to the stock market as a repeat purchase.This may delay the rise of gold.