At the same time, the inflation threat continues to grow, which means real rates will remain in low to negative territory.
– Traditionally, the last month of the year and the start of the new year has seen a strong seasonal period for gold.
In a recent commentary, Darin Newsom, president of Darin Newsom Analysis, looked at seasonal trends in gold.
“Most notably, the U.S.
Since May, gold has broken away from trends in the last five and 10-years.
Many commodity analysts have noted that the gold market has struggled through most of 2021.
central bank increased the speed of its bond tapering and also signaled that it sees the potential for three rate hikes next year.