For security above and beyond risk-free we’ve the world’s best currency: Gold! Today’s 1943 level prices it at just 52% of its Dollar debasement valuation.
In the gold market, you're down a little bit this week from the 18-week average. Gold could go either way from this level. It's at a very important crossroads.
The dollar went up five points and metals are under pressure. When the dollar is stronger, it makes gold more expensive worldwide due to currency conversions.
According to JP Morgan, an eventual push lower in real yields as the Fed moves towards cuts will catalyze further upside for gold prices in the coming year.
