🚨 Gold is on fire... and markets are reassessing their positions! 🔥🥇
🔵 Gold was the star of the markets yesterday with a strong 7% jump over the week, its biggest weekly gain in nearly six months, reaching a seven-week high of $4,371.
📉 Simultaneously, the US dollar fell to its lowest level since May, following a surprise drop in US jobs, which strengthened market bets on a change in the course of interest rates.
🏛 UBS Bank predicts gold will reach $5,000 during the first half of 2027, if the factors supporting the precious metal continue.
⚠️ As for interest rates in September, the picture has become more uncertain:
🔴 44% probability of a hike
🟡 60% probability of holding rates steady
🔥 Gold is entering a new phase... and interest rates and the dollar will determine its next direction!
#CryptoAMA #newsdaily #InformedInvesting #market_tips #tradesafely
🔵 Gold was the star of the markets yesterday with a strong 7% jump over the week, its biggest weekly gain in nearly six months, reaching a seven-week high of $4,371.
📉 Simultaneously, the US dollar fell to its lowest level since May, following a surprise drop in US jobs, which strengthened market bets on a change in the course of interest rates.
🏛 UBS Bank predicts gold will reach $5,000 during the first half of 2027, if the factors supporting the precious metal continue.
⚠️ As for interest rates in September, the picture has become more uncertain:
🔴 44% probability of a hike
🟡 60% probability of holding rates steady
🔥 Gold is entering a new phase... and interest rates and the dollar will determine its next direction!
#CryptoAMA #newsdaily #InformedInvesting #market_tips #tradesafely