Time to buy GOLD ?

Historical trends indicate that when the Federal Reserve initiates rate cuts, there is often a corresponding rally in the price of gold. While I remain skeptical about imminent rate cuts, I believe there's potential for a profitable long position in gold.

The $2000 level has proven to be a significant resistance point over the past 2-3 years, maintaining its strength. Moreover, central banks have significantly intensified their gold purchases, marking a 152% increase in 2022.

Gold appears to serve as a solid hedge against inflation in nominal and real returns, notably within the spectrum of 0% to 2% and beyond 8% inflation. The only outlier here seems to be the 6% to 8% range.

For a comprehensive understanding of gold's inflows, outflows, and future performance projections, I highly recommend checking out the In Gold We Trust Report available at https://ingoldwetrust.report/igwt/?lang=en.

Thanks,

Finn