Asset Watch
Thursday, September 15 2022
Despite the decline on Sep. 13, gold did not fall below the intraday low of $1,701.70 set on Sep. 7,
recording higher highs and higher lows since the beginning of September. As a result, the relative strength is increasingly bullish.
Furthermore, gold often suffers the most from evaporating liquidity, as higher real interest rates and a stronger U.S. dollar are akin to fundamental kryptonite. Yet, with the U.S. dollar surging on Sep. 13 and the U.S. 10-year real yield hitting a new 2022 high, gold held up quite well.
Therefore, is $1,750 more likely than $1,650?