GOLD road to $2200+ BATTLING INFLATION

Gold , known as "the safest hedge against inflation" is looking promising with the current banking crisis occurring. People are scared of banks and see Gold as a safest investment as a store of value without relying on the banks or without having USD.

Some economical factors that influence the price of GOLD with the current inflation at 5%:

-Inflation hedge: As I mentioned earlier, gold is often viewed as a hedge against inflation. When inflation rises, the value of fiat currencies can decrease, but gold tends to retain its value. This can make gold an attractive investment in times of high inflation, as it can help investors preserve their purchasing power.

-Weak US dollar: When the US dollar is weak, the price of gold in US dollars tends to rise. This is because gold is priced in US dollars on global markets, so a weaker dollar makes gold relatively cheaper for investors using other currencies. In other words, a weak US dollar can support demand for gold and increase its price.

-Geopolitical risks: Gold is often seen as a safe haven asset in times of geopolitical uncertainty or market volatility. If there are concerns about political instability, trade tensions, or other risks that could disrupt global markets, investors may seek out gold as a way to diversify their portfolios and reduce risk.

-Central bank policy: If central banks engage in policies that devalue currencies or reduce interest rates, this can increase demand for gold as an alternative store of value. For example, if the Federal Reserve were to keep interest rates low for an extended period, this could support the price of gold.
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Supply and demand: Gold is a finite resource, and new sources of gold production are becoming harder to find. If demand for gold increases while supply remains relatively constant, this could support the price of gold.

Trade closed: target reached:

Congratulations, we reached $2,200 ;)
We still got more upside to go, however.