Hi! Can someone walk me through why gold doesn't perform well in a shock like this? Especially in a world where international investors were already getting out of dollar assets? Is it that gold has already moved so much recently? Retail trader with no formal financial education here.
Gold is caught between being a geopolitical hedge against war (bullish) and being a risk asset that many retail traders have piled into over the past year. The market is also going "stagflation on" which pressures USD and yields higher and having a negative effect on gold.
Hi! Can someone walk me through why gold doesn't perform well in a shock like this? Especially in a world where international investors were already getting out of dollar assets? Is it that gold has already moved so much recently? Retail trader with no formal financial education here.
Gold is caught between being a geopolitical hedge against war (bullish) and being a risk asset that many retail traders have piled into over the past year. The market is also going "stagflation on" which pressures USD and yields higher and having a negative effect on gold.
Thanks mate!