Personally, I was expecting the Trump effect bring down gold prices as an opportunity to snap up a little more gold this month before the honeymoon is over. Should the cease fire hold between Israel and Hamas hold, and if Trump can end the Russo-Ukraine war with a peace deal. Even with the war premium shaved off prices it still cannot fix the huge debt elephant in thee room.
Gold is still at it's ATH in CAD.
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These are my thoughts exactly. There is a lot of hopium going around with Trump but I think in the long run he runs the printing press just as hard and he won't be able to fix the debt.
If we do get peace we might see oil drop and that could give us a bit of a reprieve on the inflation front so to me the big question is really - How long will the honeymoon last?
For purely selfish reasons I hope it goes deep into 2025 and crypto has a great run in the meantime so that I can switch back to metals at a perfect time...