Gold has been in a down trend since hitting a high back in August 2020 at $2,038 per ounce and has mostly been trading sideways in a range between $1,750 and $1,850 per ounce over the past six months (see long term chart below). Recent volatility in the bond market with long term interest rates spiking has caused more downward pressure on gold, hitting a low of $1,685 on March 8, from which it has bounced back up to around $1,739. Many investors believe gold has been consolidating since August and will eventually begin a steady move up, driven by massive fiscal and monetary stimulus in the US which is expected to cause inflation (and possibly a rotation from stocks and bonds into commodities). As I have written about before, a
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Gold and Silver Update
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Gold has been in a down trend since hitting a high back in August 2020 at $2,038 per ounce and has mostly been trading sideways in a range between $1,750 and $1,850 per ounce over the past six months (see long term chart below). Recent volatility in the bond market with long term interest rates spiking has caused more downward pressure on gold, hitting a low of $1,685 on March 8, from which it has bounced back up to around $1,739. Many investors believe gold has been consolidating since August and will eventually begin a steady move up, driven by massive fiscal and monetary stimulus in the US which is expected to cause inflation (and possibly a rotation from stocks and bonds into commodities). As I have written about before, a