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With prices at $1,700, gold’s bull run is almost over.

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Gold’s bull run is almost at an end as prices near $1,700.

With gold prices having recently retested support at $1,700 per ounce, one bank feels a capitulation selloff is imminent.

Gold’s outlook was “bleak” as the Fed forecast rate hikes and quantitative tightening. Fed signaled rate hikes and QT.

Near-collapse of precious metals market. If gold prices fall below $1675, analysts expect surrender. If gold prices decline, this is forecast.

TDS says investors should monitor gold for a capitulation selloff. Since March, Comex futures speculation has dropped. Experts foresee further decline.

Family offices and proprietary trading groups have a disproportionately significant and concentrated gold market position notwithstanding the Fed’s hawkish rhetoric.

In addition, analysts “worry that this position is too comfortable, given that it wasn’t built on a stagflationary Fed story, but rather 2020.”

The dismal prognosis comes as market players are becoming more persuaded that the Federal Reserve will raise interest rates by 75 basis points in September.

Federal Reserve Chair Jerome Powell warned investors this week that high interest rates may need to be sustained longer to contain inflation.

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