Gold Tumbles Below $1800, Erases All YTD Gains

From ZeroHedgeposted 2 weeks ago

Article Summary

The paper price of the yellow rock just tumbled back below $1800 for the first time since early February. This is well below pre-Putin-invasion levels and Gold is now underwater for 2022.

And don’t blame the dollar’s rise. With DXY at 100, Gold has traded at $1923, $1700, $1230, $1140, & $330

As Mike Shedlock recently noted, Gold is not an inflation hedge except in extreme cases, notably hyperinflation.

The price of gold fell from $850 to $250 between 1980 and 2000 with inflation every step of the way

 

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