Gold is on the verge of an unprecedented eighth consecutive monthly gain, a streak that would mark the longest in its history. However, several headwinds are threatening to interrupt the rally. While investors have flocked to the safe-haven metal amid macroeconomic uncertainty, market strategists warn that the run-up may be reaching a critical juncture. Gold’s Historic Rally Faces Unprecedented Risks Chief Economist at Moody’s Analytics, Mark Zandi, warns that financial markets feel increasingly fraught, with the elements for a meaningful selloff coming into place
source: https://beincrypto.com/gold-rally-threats-resistance-treasury-china-2024/