SG Talk

Gold Ends Below Critical $1,780 Support; Rotation to Dollar Could See More Loss
Wed, 17 August 2022, 11:54 PM·3-min read


On paper, it appears so, after a critical support for futures of the yellow metal was broken on Wednesday, as a close below the $1,780 level in New York Comex trading pressured the spot price of bullion down too.

https://sg.finance.yahoo.com/news/gold-e...39917.html

Gold proved to be useless as an inflation hedge.
It rises with stock market stock market falls it also falls. Inflation goes up it falls.

Lousy.

If the west continues to stir, gold prices may go up.

Just bought 1 oz and they asked questions. Said every 2 years they have to review.

But if you are in US, no questions asked.