Hey folks,
We’ve had a lot of headlines flying around lately — from oil to earnings to GDP.
But quietly, in the background, gold just keeps doing its thing.
Yes, we’ve seen a bit of consolidation — gold isn’t hitting fresh highs every day. But here’s what matters: it’s holding.
When a market moves sharply higher, like gold has, it’s normal to see some profit-taking.
That’s not weakness — it’s healthy. A pause lets the trend reset and build support at higher levels.
And right now? That support is holding up strong.
Gold’s been one of the most reliable assets in a market that’s been anything but predictable. Even as oil fumbles, GDP disappoints, and rate cut speculation comes and goes, gold just shrugs and holds steady.
Why? Because under the surface, the same forces that have been driving gold all year are still in play:
- Sticky inflation that’s not backing off
- A Fed that’s cautious, not confident
- Geopolitical tensions that don’t show up in earnings reports but do show up in commodity flows
In short: Gold remains the “fear barometer” — and it’s telling us something important.
This is why I keep tracking gold levels week after week. Not to predict the next breakout — but to read the temperature of the market’s uncertainty.
If gold continues to consolidate like this, and then starts moving again, it may tell us more about where capital is quietly flowing next.
I covered this and more in my Weekly Wrap-Up, including key earnings reactions, oil’s price pressure, and how I’m framing the week ahead.
Watch the full episode here.
Have a great weekend!
Stay sharp,
—Geof
P.S. Have you seen Trump’s secret weapon… and how I’m playing it to my advantage?
