With a soaring US dollar and traders dumping Gold just to keep their heads above water, the safe haven feels more like a crowded exit door.
It is hard to stay golden when you can't pay your bills with a bar of Gold bullion and high inflation.
Maybe it is time to stop looking for a safe haven and buy $United States Oil Fund LP(USO)$ which is now the "new gold due to the Iran war.
Nonetheless I believe it is important to stay invested in $SPDR Gold ETF(GLD)$ because despite the recent drop, the fundamental Gold Bull thesis for 2026 has not changed.
Central banks are still hoarding Gold to diversify away from the US dollar. They are projected to add 850 tonnes to their Gold reserves in 2026. This will provide a strong support for Gold prices.
@Tiger_comments @TigerStars @Tiger_SG @TigerClub @CaptainTiger
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