Disliked{quote} If US-China summit become successful and produce a solution to Iran war, it would be Gold bullish considering the patterns during the war (except first day of war). At begin of war Gold has surged as a classic safe haven behaviour then collapsed due to oil shock and run to cash. 1) High increase in oil prices triggered inflation fears at developed countries and caused the fear of higher interest rates (gold bearish). 2) Some big players liquidated their longs due to the need for cash and even some oil dependent countries like Turkiye sold...Ignored
Suprisingly optimism at SP500 continues at full speed, correction is close maybe there also.
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