RE: Gold Price18 Oct 2023 11:27
Jammin86 Gold rise because of many reasons...lately out of tensions in the middles, not because of rate falling or fot that matter even going up.
Indeed rates are or should be an indirect consequence of U$D strength or weakness, which is the direct factor that affect POG, beside many other ...
The U$D index is made out of currencies linked to the US economy, and via sanctions and protectionist trades and politics, including the limited representation of the basket of currency in the index, (when the $ affect so many more currencies and economies in the world) even in the scenarios the relationship between POG and U$D is not straight forward.
Just to say that POG is affected by many factors, most of which are irrational, possibly the most rationale is inflation, by which if AISC become too high compared to POG, gold miners will stop/reduce exploration and production and therefore demand/offer will rebalance.