RE: LeoThread 2026-03-26 20-45

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Gold’s recent volatility is often framed as a reaction to war, inflation fears and shifting interest-rate expectations. That view is correct but incomplete.



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What’s occurring looks like a system under strain: when trade routes are threatened and capital flows become uncertain, markets begin to question long-held assumptions.

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Gold reacts not just to events, but to the perceived credibility of the structures underlying those events.

This helps clarify what is being tested right now.

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