Post
Gangnam | 豪豪
Gold is slow today mainly becausetwo forces are fighting each other:
🟢Weak U.S. jobs data→ fewer October Fed-hike expectations → normally bullish for gold.
🔴Strong USD + high Treasury yields→ negative for non-yielding gold. The dollar rose about0.6%today, while spot gold was around$4,132. (Reuters)
📊 Markets now see only about an18% chance of an October Fed hike, but still around88% for December, so traders aren't fully shifting into a dovish gold trade. (Reuters)
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
Replies
No comments yet. Be the first to reply!
