Gold (and gold stocks) are showing some signs of life despite Powell's hawkish statements. Big event for the week is the U.S. job numbers on Friday September 1.
Fed Chair Powell's speech today is huge. Don't underestimate it. Gold's problem is a strong dollar and a Fed that is determined to beat down inflation.
Please ignore all the news on trend of interest rates. Interest rate bets are overhyped as of now. Use a buy on significant crash in gold and silver and copper till 15th September.
Gold hasn't collapsed anymore. It's found its legs. Silver seems to have found its legs against the $23 level for the moment. Interest rates keep doing one thing: adding yield.
