ShoeIsRich

Big Year For AI says elon musk , more Rate hikes says the Fed

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FX:XAUUSD   Золото / Доллар США
Suppose robots become advanced enough to do everything, including producing goods and services. In that case, it's possible that the demand for gold could decrease as its traditional uses (such as in jewelry and electronics) become less relevant.


Interest rates: Gold doesn't earn interest like other investments, such as bonds or savings accounts. When interest rates are high, these investments may become more attractive than gold, which can decrease its value.

from a technical perspective, we could see a seeking balance phase for gold by a drop towards 1330 levels

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