Power Of Narratives And Gold

Now, it seems that the narrative about the economy, central banking and gold is changing again. The economy is slowing down and people worry about the recession. The global bond market is awash in negative yields. The Fed abandoned its tightening cycle. The price of gold jumped above $1,400 and it is flirting with $1,500. In such an environment, there are substantial odds that narratives will change in favor of gold, especially if investors start to worry about the sustainability of high public debt and the true strength of the U.S. dollar. If that happens, gold could start a new bull market for good.

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If you enjoyed the above analysis and would you like to know more about the most important macroeconomic factors influencing the U.S. dollar value and the price of gold, we invite you to read the ...

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