David Lin of the David Lin report and Gary Wagner, Editor of TheGoldForecast.com, discusses the next moves for the dollar, gold, and the Fed.

*This video was recorded on August 1, 2023

In an article penned by Benjamin Purvis, and Simon Login in Bloomberg News written on August 1 and updated today where they reported a shocking revelation in the financial rating of the United States government.

Gold spot and futures both declined by over 1% today as traders reacted to dollar strength and stronger yields on U.S. Treasuries. But that explanation lacks the complete backdrop to the multiple reasons why gold is trading under pressure today.