Gold to hit record levels in 6 different major currencies. The US dollar is the next one in line.

Gold to hit record levels in 6 different major currencies.

Euro
British Pound
Chinese Yuan
Australian Dollars
Japanese Yen
Korean Won

The US dollar is the next one in line. pic.twitter.com/Ili2oKEBxd

— Otavio (Tavi) Costa (@TaviCosta) October 19, 2023

Gold is starting to sniff that some sort of yield curve control measure is inevitable.

The government can't keep exponentially worsening its debt problem while the Fed deliberately increases the cost to service it.

We are facing a trifecta of macro imbalances, and ultimately,… pic.twitter.com/0PefvlrENs

— Otavio (Tavi) Costa (@TaviCosta) October 20, 2023

Gold Stays Resilient in the Face of the Fed’s “Higher-For-Longer” Narrative: CME MKS PAMP

Gold remains resilient despite U.S. rate hikes and the Federal Reserve’s narrative, as global governments accumulate it amidst growing economic and geopolitical uncertainties. Joseph Stefans from MKS PAMP highlights gold’s enduring appeal beyond just being a safe haven. Its role in diversifying from local currencies and countering economic uncertainties keeps it in demand. With some nations favoring gold over U.S. debt, the precious metal might see long-term support, presenting potential advantages for gold in the coming years.