The “Buy the dip” characteristic we’ve been flagging for 2025 was evident in the gold market overnight following the hot CPI. The precious metal took a hit following the inflation data but quickly reversed all losses, illustrating how markets fight to hold onto strong trends. Gold also shrugged off peace talks between Trump and Putin, which knocked oil over 2%, lending weight to the view that gold is being supported by trade-related hoarding, central bank buying and speculation about its re-evaluation in national accounts under Trump.
- We see gold testing higher this year, but the risk/reward is diminishing quickly.
MM is neutral gold short term as it advances toward $US3,000
Add To Hit List
