$XAU Gold feels a bit sketchy right now:
As a safe haven? Is there ever a time more chaotic than now? It's a total mess out there, yet looking across the market, this thing is actually dropping the fastest. We've got a support at 3800 and another at 3400.
As a precious metal anchor? Most folks were shouting to buy big at 5000, but now that it's at 4000, it's like crickets...
As a risk asset? It doesn't have the same zeroing-out "physique" as other risk assets—countries are hoarding physical gold in this round of multilateral games.
You could say the current chaos in the market is sharply and distinctly reflected in gold. It's insane.
As a safe haven? Is there ever a time more chaotic than now? It's a total mess out there, yet looking across the market, this thing is actually dropping the fastest. We've got a support at 3800 and another at 3400.
As a precious metal anchor? Most folks were shouting to buy big at 5000, but now that it's at 4000, it's like crickets...
As a risk asset? It doesn't have the same zeroing-out "physique" as other risk assets—countries are hoarding physical gold in this round of multilateral games.
You could say the current chaos in the market is sharply and distinctly reflected in gold. It's insane.