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Birdie_OKX
Birdie_OKX
Record ETF inflows and rising holdings show that strategic demand for gold remains intact. But a falling spot price alongside a firmer dollar, higher Treasury yields and lighter futures longs suggests the marginal price setter is still macro liquidity. My read: ETF demand can cushion drawdowns, yet it may not reverse them until rate and dollar pressure ease. The tension is whether inflation keeps yields restrictive for longer. #GoldETFsVsHighRates

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