Real interest rates are the primary driver of the gold price
Gold is near an all-time high. But on the monthly chart, gold is just starting to outperform the S&P 500. This gold bull market is still in the early innings.
Luke groman and Jesse Felder have been talking about this. But it appears to be breaking.
https://x.com/LukeGromen/status/1831006040072052754?t=0ufYoI8Z28Q6gbCohHr2Aw&s=19
Gold is near an all-time high. But on the monthly chart, gold is just starting to outperform the S&P 500. This gold bull market is still in the early innings.
Luke groman and Jesse Felder have been talking about this. But it appears to be breaking.
https://x.com/LukeGromen/status/1831006040072052754?t=0ufYoI8Z28Q6gbCohHr2Aw&s=19