The Daily Gold, Released on 4/28/22

Gold is primary driven by the trend in real interest rates. The dollar trend is secondary. One can argue the last 6 months especially has been a bearish environment for Gold as the dollar has surged and real interest rates have trended higher aggressively. Yet Gold has held up remarkably well. It has held up far better than during 2013 and 2017-2018 despite this environment (with rising dollar and rising real rates) being worse than those environments. If Gold can barely decline now, what will happen when these negative factors abate or reverse? This, among other reasons, is strong evidence Gold could really fly after this correction.

Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets.

  gold, inflation, interest rates, investing, Jordan Roy-Byrne, us dollar