Seems to be more like the rational reaction to the lack of confidence in the fate of the dollar which continues its decline.
Great for people who can invest in gold, not so great for those who can't. However, the silver lining is, well silver. Because when gold rises, so do the other precious metals, but the time to buy is now. 🙂
While US “central bank” is turning to digital unbacked currency they CANNOT own, except through abrograted Congressional Charter. For the next 90 years- unless we de-charter them.
Pray. It could happen.
This is always said right before Gold sinks.
Last week I believe it was over $2100 an ounce, and the talking heads were saying it was here to stay at over $2000 an ounce for one reason or another.
At this time, it's been heading south steadily since it peaked last week, and is about $2007 an ounce.
It was actually around $1830 an ounce right when Hamas attacked Israel, and it then proceeded to shoot up in price rather quickly.
It's bouncing around these days, but I wouldn't be so sure it's going to be some kind of “bull market” as far as Gold is concerned.
We'll see...
gold and silver are under strict controls of the PTB
meanwhile, bitcoin is on a tear