Gold just hit another all time high despite:
1. Markets pricing-out a 50 basis point rate cut
2. Markets pricing-out geopolitical risk worries
3. Market volatility dropping to new monthly lows
4. Monthly inflation data coming in above expectations
5. Markets pricing-out possibility of recession in 2024
Gold is trading as if we are in a major crisis while all of the data is saying the exact opposite.
đ #rdxrobin
