Why the heck is even GOLD going down?!

[SunTrader]

The correct answer is no, congratulations!!
As a retail piker, my holdings do not meet deliverable requirements.
But futures and/or options do allow, at a minimum, to indirectly "protect" physical holdings from adverse movement.

Don't be a schmuck.

Point to a webpage please.

First I'm hearing about futures allowing someone to indirectly "protect" themselves from adverse movement for any commodity. That is not held in a futures account.

Unless you mean lol trading futures. Post spot charts but post about futures.

 

[piezoe]

Inflation hedge? Hedge against economy tanking? Any of that stuff? Apparently not, at least not anymore!!!

*smashes head against wall*

Gold is priced in dollars, in case you hadn't noticed. Normally inflation goes hand in hand with a weakening dollar (dollar down, prices up.) This inflation, however, is being caused by externalities (war and supply line issues). The U.S. dollar is seen as a safe haven. There is BIG war on affecting economies around the world. The fed is tightening making yields on interest-paying , dollar-denominated assets more attractive. The dollar is being bought, other currencies sold.