Gold will be under pressure if Fed cuts rates later than June

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28.02.2024 10:11 AM

Each generation has its idols. If at the end of the 20th century, everyone was crazy about gold, then at the beginning of the 21st century, digital assets took its place. The rapid rise of Bitcoin to record highs since 2021 has overshadowed the appeal of precious metals. In the ETF market, there is a capital shift towards cryptocurrencies, and speculators are getting rid of their gold positions. For example, by the week of February 20th, long positions on COMEX

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