23 June 2023
This article emphasizes the positive outlook for gold. The current macro backdrop suggests that time is running out for the current situation, favoring a steepening yield curve. Gold has historically performed well during such periods, as it is sought after when monetary regulators are losing control or adopting dovish policies. While the market may be experiencing speculative forces and nearing a top in speculation, gold is expected to remain a reliable asset. The end of the yield curve inversion and the arrival of the next steepener will serve as important signals for investors.