Gold just hit another all time high despite:

1. Markets pricing-out a 50 basis point rate cut
2. Markets pricing-out geopolitical risk worries
3. Market volatility dropping to new monthly lows
4. Monthly inflation data coming in above expectations
5. Markets pricing-out… pic.twitter.com/ZiBhoB0SyU

— The Kobeissi Letter (@KobeissiLetter) September 13, 2024

Gold $2580, new all time high, as dollar craters on expectations of a panic 50bps rate cut, and as interest on US debt crosses $1 trillion https://t.co/vBBmdXbldp

— zerohedge (@zerohedge) September 13, 2024

Did anyone notice that gold hit a new all-time high today? A few of us did. It's fascinating how mainstream business media ignores the story. Could it be because the rally in gold is actually the collapse of the dollar? pic.twitter.com/0BxrLNnfjE

— Jim Rickards (@JamesGRickards) September 12, 2024