The narrative presented by this article is a classic case of a “motte-and-bailey” maneuver, designed to obscure the true drivers of gold’s recent underperformance. The core argument – that the strong dollar and rising yields are solely responsible – is presented as an immovable truth, framing gold’s struggles as a simple consequence of macroeconomic forces. However, the source deliberately downplays the significant historical premium already baked into gold prices, presenting it as a peripheral ...