Gold has been driven by the U.S. dollar in the short-term, but on a longer term horizon, it will need more than just a weaker dollar for a sustained rally, said Will Rhind, CEO of GraniteShares. “I think longer-term, there are three key catalysts. One, apart from the dollar itself, it has to be lower or trade softer than it is right now. It’s been a big, big headwind for gold. I think that inflation as well, we have to do a little bit better on the inflation side, particularly if there’s an expected inflationary surprise,” Rhind told Kitco News. He noted that the last catalyst may be more geopolitical in nature or a major selloff in equities or bond markets.
As Mining Stocks Launch This Video (With Transcript) Explains Exactly Why This Is Happening Now And Why Crypto Is Falling- Mike Swanson (05/18/2021)
Have We Reached A Critical Turning Point For Gold Yet? – Chris Vermeulen (05/18/2021)
Jeffrey Gundlach extended full interview: Bond king talks inflation, Fed, crypto, taxes, and more – Source – Yahoo Finance (05/18/2021)
Watch Out As Gold Appears To Be Staging New Momentum Base In Preparation For A Big Upside Move – Chris Vermeulen (05/17/2021)