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EGCTRADE
EGCTRADE
Originally thought gold could still hold the ground But once it refreshed 3900, it was directly smashed through Spot price bottomed around 3891, down over 3% intraday Silver also broke 50, gold price has cumulatively dropped over 6% this month Oil prices remain high, fueling inflation expectations PCE is a bit stronger, December rate hike pricing heats up again The opportunity cost of holding gold suddenly rises When gold and silver both get hit Don’t rush to find a safe-haven narrative

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