INFLATION REPORT HITS THE BOND MARKET AGAIN. WATCH FOR THIS TO HAPPEN NEXT! Mannarino
From Greg M
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https://www.youtube.com/watch?v=YET-UsId0tQ
Higher inflation mean higher rates. That's why the gold is down. Gold does not pay any interest. So investors prefer bonds paying high rates.
Low inflation also causes gold to go down because it's an inflation hedge. No inflation means no need to hedge. So gold goes down.
This is wall street wisdom. I am not making it up.