🚨 GOLD BREAKS ABOVE $4,400! 🥇
$XAU just hit its highest level in ~2 months — and it’s not only about US-Iran tensions.
Three forces are driving the move:
1️⃣ Fed turning less hawkish
2️⃣ Softer US jobs data → rate-cut expectations rising
3️⃣ China’s PBOC continues adding to its gold reserves 🇨🇳
With July CPI next, gold volatility could get even bigger. 👀
#Gold #XAU #Fed #CPI #cryptouniverseofficial $XAU
$XAU just hit its highest level in ~2 months — and it’s not only about US-Iran tensions.
Three forces are driving the move:
1️⃣ Fed turning less hawkish
2️⃣ Softer US jobs data → rate-cut expectations rising
3️⃣ China’s PBOC continues adding to its gold reserves 🇨🇳
With July CPI next, gold volatility could get even bigger. 👀
#Gold #XAU #Fed #CPI #cryptouniverseofficial $XAU