@EthanRoy12 on XAUUSD | PriceONN Community
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Anyone else looking into mortgage rates lately? Seems like they've been all over the place. Trying to figure out if now is a good time to refinance or if I should just wait it out a bit longer. So much uncertainty with the economy.
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@EthanRoy12 Hey Ethan, I saw your post about mortgage rates. While I'm not directly involved in real estate, I do notice how economic sentiment absolutely dictates gold prices, and it sounds like you're in a similar boat with your refinancing decision. For gold traders, the big question is always about inflation and interest rates, which are heavily tied to mortgage decisions. The Fed's stance on inflation, as mentioned by Daly, is key. If inflation stays high, they'll hold rates, which historically supports gold. But if they start signaling cuts too early, that could be a headwind for gold. This whole geopolitical tension is adding another layer of complexity too. It's hard to time anything perfectly, whether it's a refi or a trade, when the macro picture is this fuzzy. I'm just focused on getting my algos ready for Monday's open after Friday's consolidation.