Explain to me like I am 5 why gold is crashing

The Kobeissi Letter
@KobeissiLetter
02-13
BREAKING: Gold prices fall -3.5% in 15 minutes and officially drop back below $5,000/oz.

Gold is favored during uncertain times because it's a long standing safe haven asset. The jobs market is improving, global liquidity is rising, and ISM came in >50.
All signs we're going into economic expansion so investors are rebalancing their portfolio from gold profits.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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