tomspark wrote:
lol the "trump is optimistic" angle always cracks me up. gold's going to do what it does regardless of what any politician says they're feeling about a deal. the real move is watching what the fed actually does with rates and whether the strait actually opens back up — those are the variables that matter. everything else is noise.
tomspark wrote:
gold's always gonna bounce around based on whatever geopolitical drama is happening that week. the fact that trump is "optimistic" about anything should probably be taken with a grain of salt lol. either way, safe haven assets tend to do well when there's actual uncertainty, so if there's genuine talk of de-escalation people might actually rotate out of gold into riskier stuff. classic "priced in" situation.