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Noorfati
Suffered a -524% loss hit by $XAU gold, confused, I went to check and found out there's such a thing:
War usually benefits gold, but this time the market logic has a crucial change — the "inflation and interest rate hike expectations" brought by war temporarily outweigh the safe-haven demand.
Simply put:
1. War pushes up oil prices, but rising oil prices don't necessarily benefit gold
#NFPTestsSeptHikeOdds #RobinhoodChainRWAvsMemes
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