Gold is so far almost unchanged this year, despite the initial decline and the subsequent rally.

Gold has been performing quite nicely in January.

Even small signs of silver’s outperformance is one of the useful gold trading tips.

The prospects of more hawkish monetary policy and the sooner start of a tightening cycle should be negative for the yellow metal, but gold didn’t care too much about a more aggressive Fed.

One could expect that gold would perform better last year amid all the supply problems and a surge in inflation.

Job creation disappointed in December, but it could not be enough to counterweight rising real interest rates and save gold.

With interest rates poised to rise and the USD Index still undervalued, more headwinds should confront gold, silver, and mining stocks in the coming months.

Like most of 2021, gold has been rubbing against $1,800 this week but did not have the strength to permanently rise above this level.

Gold is barely crawling up, while silver is boldly climbing the market ladder.

So far, gold has rather ignored the unfolding energy crisis, but we’ve already seen that market narratives can change quickly.

Gold will have to live with Jerome under the same roof for another four years.

Luckily for gold, despite its hawkish rhetoric, the US central bank will remain behind the inflation curve.