Gold Falls for 8 Consecutive Days; Largest Single-Week Decline Since 1983

Gold collapsed before BTC

Down 8 trading days, fell to 4320, marking the largest single-week decline since 1983. Middle East conflict lasted 4 weeks with oil prices continuously rising; inflation expectations increased, closing the door on rate cuts.

You see, safe-haven assets aren't always safe havens. When inflation pressure is large enough, gold gets sold off too.

This pattern gives me the feeling that the market is repricing "when will rate cuts come." If central banks don't cut rates, all assets need to be revalued.