Gold’s decisive upside breakout from its recent high consolidation portends more records. Deeply-undervalued gold stocks still need to surge massively to reflect this abundant goodness.
The “rational exuberance” over Trump 2.0 is likely going to be a factor in the coming dip in rates. That dip is likely to coincide with a surge in gold to $3000-$3300.
Gold climbed to the highest in a month after a surprise slowdown in U.S. inflation revived expectations for Federal Reserve rate cuts this year, reports Bloomberg.
