Gold Falls for 8 Consecutive Days, Largest Single-Week Decline Since 1983
Gold Crashed Before BTC 8 consecutive trading days of decline, dropping to 4320, marking the largest single-week decline since 1983. Middle East conflict lasted 4 weeks with oil prices continuing to rise. Inflation expectations increased, closing the door on rate cuts. You see, safe-haven assets aren't always safe havens. When inflation pressure is large enough, gold gets sold off too. This round of moves gives me the feeling that the market is repricing "when will rate cuts come." If central banks don't cut rates, all assets need to be revalued.
Gold Falls for 8 Consecutive Days, Largest Single-Week Decline Since 1983
Gold Crashed Before BTC
8 consecutive trading days of decline, dropping to 4320, marking the largest single-week decline since 1983. Middle East conflict lasted 4 weeks with oil prices continuing to rise. Inflation expectations increased, closing the door on rate cuts.
You see, safe-haven assets aren't always safe havens. When inflation pressure is large enough, gold gets sold off too.
This round of moves gives me the feeling that the market is repricing "when will rate cuts come." If central banks don't cut rates, all assets need to be revalued.