Mike McGlone|Jul 07, 2025 10:43
Technical Outlook - Gold Topping 4,000 Could Hinge on Stocks and Bitcoin Deflation - For gold to fall below 3,000 an ounce -- now key support -- it may take a combination of advancing US equities, bond yields and Bitcoin. Gold appears stretched in its bull run and might require fresh drivers to reach 4,000. A pullback in risk assets is a leading candidate.
Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/sz0xeadwx2ps {BI COMD}
#gold @BBGIntelligence
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