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.
Gold and silver rising along with bond yields implies higher safe haven demand. (Generally there is an inverse correlation between bond yields and gold/bullion price.).
