5 Critical Factors That Could End Gold’s 7-Month Green Streak
Summary
Gold is on the verge of achieving an eighth consecutive monthly gain, which would be a historic streak, but several headwinds suggest this rally may be ending. Chief Economist Mark Zandi warns that high valuations and mixed economic fundamentals—including slowing GDP growth, flatlining employment, and stubbornly high inflation (PCE at 3%)—create conditions for a significant selloff across risk assets, including gold. Further uncertainty stems from renewed tariff chaos, geopolitical conflict threats, and a fragile Treasury market where leveraged hedge funds could trigger an interest rate spike. Adding bullish pressure is China's severe post-holiday gold shortage, which some analysts suggest could push prices toward $10,000/oz, though technical resistance near $5,160 remains a concern. Ultimately, investors face a delicate balance between strong demand and significant macroeconomic and technical risks.
(Source:BeInCrypto)