With inflation, Banks failing, Interest rates rising, and the threat of War. Gold should be 5k now! Peace
Spot breached both thresholds earlier in the week then came back down. There is definitely indecisiveness in the price action on the market right now.
- - - Price an AUD Per OZ - - - - Price in USD Per OZ - - - It's held well over $3000 in AUD for 2 weeks now regarding that psychological barrier. A pop of USD $2000 looks like it will come with a Pop of $1900 in EUR and $1800 CHF at the same time. Not sure about their respective $2000 price tags after that... I thought high Gold price was suppose to be good for the AUD... There goes that theory...
Didn't quite make it there in the EURO though... XAGEUR also a bit ways of hitting $22. Resistance broken on the USD at $2000. GSR back to recent highs also.
A Christmas/New Year Jump or a Christmas/New Year Dump? I'll take six of one and half a dozen of the other The only way you are guaranteed to have a Merry Christmas in this clown world is to stock up on some good quality liqueurs & spirits.
Damn it, I could have sworn that we dropped under $2000 for more than "a few hours" since we topped at $2040 back on 8th March 2022! I must cut back on my drinking.