Post
--Bearish
Nuri-Crypto
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Analyzing PAXG: The Fall of Institutional Gold
The drop in PAXG gold is not a mere technical coincidence; it’s a macroeconomic storm created by major institutions:
The Fed bares its teeth: The hawkish tone of the new Fed chairman, Kevin Warsh, along with projections of up to 3 rate hikes by Bank of America, has pushed the dollar to 13-month highs. Gold, which does not yield, is suffering against more attractive bonds.
Geopolitical relief: Peace talks between the U.S. and Iran reduce the risk premium and safe-haven demand.
The Fed bares its teeth: The hawkish tone of the new Fed chairman, Kevin Warsh, along with projections of up to 3 rate hikes by Bank of America, has pushed the dollar to 13-month highs. Gold, which does not yield, is suffering against more attractive bonds.
Geopolitical relief: Peace talks between the U.S. and Iran reduce the risk premium and safe-haven demand.
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