The Daily Gold, Released on 7/29/21

Various data suggest, given the level of real interest rates, Gold should be trading higher. That gap could close as Gold makes a short-term rally. But it has very stiff resistance at $1900, and real interest rates are likely to rise over the coming quarters. That could be what the market has factored in.

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, negative real rates, silver