Lost Control: Treasury Interventions Fail as Gold Signals Volatility

Markets Overview

While geopolitical conflict on the war front has receded from the primary focus, the relentless attempt by the United States to cool off its bond yields has taken center stage. Treasury Secretary Besant initially intervened in the Japanese Yen to discourage Japanese investors from selling U.S. treasuries, followed by purchases of long-dated bonds to suppress yields.

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Significant developments are unfolding in the gold market as gold has officially crossed its 200-day moving average (DMA), signaling a return to its long-term bullish rally. A proprietary long-term chart developed back in January projects a potential path toward approximately $8,000 USD per ounce for gold by the year 2028.

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