I have a strong feeling gold is heading lower soon. The China U.S. summit starting tomorrow should improve relations between these two major powers. Greater geopolitical stability means less need for gold as a safe haven ( Gold become less attractive)

This improved relationship can also ripple across other markets too:

1️⃣ Bonds-Less trade tension eases inflation pressure, which supports bond prices

2️⃣Rare Earths-Relaxed export controls boost supply and lower costs across manufacturing

3️⃣Agriculture-More open trade stabilises grain and food prices that directly helping tame inflation

Softer gold, calmer supply chains, steadier food costs ➡️ result lower inflation ➡️favourable to Trump coming mid term elections ☺️