Lastly precious metals that have started to rally over recent weeks with gold already close to 10% above its 2021 low. A weakening $US is undoubtedly a handy tailwind for commodities including gold & silver but the correlation is far from perfect with gold correcting 19% since last August while the greenback was in decline, perhaps the old fashioned safe haven will get back some of the “hot money” that’s taken flight into Bitcoin through 2021.
MM remains bullish gold and silver
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