The trend of gold price
Spot gold continues to fluctuate at a high level and is currently trading around 1970 USD/oz. Although in the face of high inflation, the Fed needs to actively raise interest rates to counter it, but the real interest rate is still negative and at a historical low, so gold still sticks to a high level and is not afraid of the Fed raising interest rates; On the other hand, Russia and Ukraine are worried about a new round of war, and risk aversion continues to support the price of gold.
Gold is overbought, the position is at a high level, and the price may be adjusted back, perhaps quite fast. But on the whole, the outbreak of gold price has opened a bull market that is expected to reach epic scale, because the desperate central bank can only take the only way out, that is, low interest rate or even negative interest rate, internal bail-out and large-scale quantitative easing, which will lead to hyperinflation.