First published by Money Metals Exchange here: https://www.moneymetals.com/news/2023/07/18/was-that-the-bottom-for-gold-002778
<p><img src='https://www.moneymetals.com/uploads/content/was-that-the-bottom-for-gold-social.jpg'/></p>If seasonality were the only factor in play for gold, I would expect the metal&#039;s price to languish another couple of weeks or longer. But seasonal trends join a long list of other factors — for gold and every other asset class — in being overwhelmed by the influence of Federal Reserve monetary policy.