Gold: Where has the inflation hedge fled? (Jul. 17, 2022)

If gold sustains pricing below $1,700, it will confirm a double top of historical proportions. On the other hand, the current cluster of support may be offering a great long opportunity. Fundamentally, it looks like USD appreciation is taking a toll on the metal rather than the anti-inflationary protection being lost for good.

Disclaimer: This post is for educational purposes only. It does not consist investment advice.