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Gold Trade Divorces From Fundamentals
Gold has shown the greatest divergence from fundamental factors since the gold rush of the 1970s. Back then, the Fed was forced to cut the interest rate aggressively to end the uptrend in gold prices. Let's discuss this topic and make a trading plan for the XAU/USD. When did gold become a purely speculative asset? Some say it was back in 2022, when the freezing of Russia's gold and foreign exchange reserves triggered a major anti-dollar movement. Central banks started actively buying up bullion, increasing the share of precious metals in their holdings. Some point to the beginning of 2026, when the XAU/USD rally was ... (full story)