Part 9/12:
Gold’s rapid ascent has the market debating whether a correction is imminent. Gold has surged close to $4,000, with some analysts suggesting it might reach $5,000 over the next year. However, given its swift rise, many believe a consolidation or pullback could occur, potentially down to 10-20%, especially if the current momentum fades. The analyst prefers to see a cap at $4,000, expecting a possible retreat afterward.
Bonds are trading around 4.15%, touching that level several times. The trader believes this is a significant resistance point and expects the bond yields to stay bounded around this threshold.