The US dollar has skyrocketed in a monster rally this year, fueled by the Fed’s extreme hawkish pivot. Panicking over raging inflation, top Fed officials are aggressively hiking rates and starting to reverse years of epic monetary excesses. But resulting overcrowded dollar buying has left it extraordinarily overbought at precarious heights. As this lofty currency inevitably mean reverts lower, big gold-futures buying will be unleashed.
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