Post #16002

$2 TRILLION Wiped Out From Gold and Silver, Could It Continue? Gold is still under pressure, down for a ninth straight session and sitting near multi-month lows. Even after trimming some losses, price action remains weak with no real sign of a sustained bounce. This is a macro unwind driven by higher yields and hawkish central banks. Gold and silver saw massive liquidation as Middle East tensions pushed yields sharply higher, raising the opportunity cost of holding non-yielding assets. There was a brief relief bounce after Trump delayed strikes on Iran, but it wasn’t enough to shift the trend. Inflation fears tied to oil and the conflict are keeping central banks on edge, with markets now even pricing the risk of a Fed hike by year-end, while the ECB, BoE, and BoJ all signal tightening if needed. On top of that, there’s growing talk that governments could liquidate gold reserves to manage economic fallout—adding another layer of downside pressure. - Alan