◽️ Gold try to recover it’s losses last week but seems to be having a tough gathering bullish momentum.
◽️ The US10Y grew around 1% last days of the week and pressured on gold.
◽️ The Federal Reserve Hawkish policies are the only thing that puts downward pressure on gold
◽️ But in our view, gold maintains its upward bias But the economy is not so strong and most experts are talking about a recession
◽️ We predict a period of stagflation and this is positive for gold.
◽️ What matters in the short term is the Federal Reserve raising interest rates, which is driving traders to buy dollars.
◽️ The Fed will remain seriously Hawkeyes, and we will see more than a 50-fold increase in interest rates.
◽️ The Fed will remain seriously Hawkeyes, and we will see more than a 50-fold increase in interest rates.
🔻 As a result, we are waiting for the gold trade to be ready for a recession and a rise in gold after the end of US monetary policy.
