#Gold4400HavenBid Gold just pushed above $4,400 and honestly, this move feels bigger than a normal safe-haven bounce 🥇
It reached $4,448.80 on August 11 and is already up more than 8% this month. Weak jobs data, lower rate-hike odds, stalled Hormuz talks and continued central-bank buying are all supporting the same trade 📈
On-chain activity makes it even more interesting. Abraxas-linked wallets reportedly moved around 25,400 XAUT worth roughly $110M in three days, while the cluster now holds close to $600M.
Traditional and tokenized gold are attracting capital at the same time 👀
Today’s US CPI could quickly change the dollar and real-yield story, but for now the haven bid looks very real.
Does gold keep running from here, or is $4,400 where profit-taking finally begins?
It reached $4,448.80 on August 11 and is already up more than 8% this month. Weak jobs data, lower rate-hike odds, stalled Hormuz talks and continued central-bank buying are all supporting the same trade 📈
On-chain activity makes it even more interesting. Abraxas-linked wallets reportedly moved around 25,400 XAUT worth roughly $110M in three days, while the cluster now holds close to $600M.
Traditional and tokenized gold are attracting capital at the same time 👀
Today’s US CPI could quickly change the dollar and real-yield story, but for now the haven bid looks very real.
Does gold keep running from here, or is $4,400 where profit-taking finally begins?