#safehavenrotation
safehavenrotation
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GOLD JUST BROKE $4,400 ๐จ
Gold is back in the spotlight. Spot gold touched $4,434.84/oz today, while futures reached around $4,456. Gold is now up more than 8% in August, after trading below $4,000 in July.
The move is being fueled by Fed rate uncertainty, weaker U.S. jobs data, geopolitical tensions and safe-haven demand. China also added about 20 tonnes of gold to its reserves in July.
Now the big question: Can gold hold $4,400 and push toward $4,500? ๐
$BTC
{future}(BTCUSDT)
$PAXG
{future}(PAXGUSDT)
#GoldBreakout #SafeHavenRotation
#GoldClimbsAbove4400ToTwoMonthHigh
GOLD JUST BROKE $4,400 ๐จ
Gold is back in the spotlight. Spot gold touched $4,434.84/oz today, while futures reached around $4,456. Gold is now up more than 8% in August, after trading below $4,000 in July.
The move is being fueled by Fed rate uncertainty, weaker U.S. jobs data, geopolitical tensions and safe-haven demand. China also added about 20 tonnes of gold to its reserves in July.
Now the big question: Can gold hold $4,400 and push toward $4,500? ๐
$BTC
$PAXG
#GoldBreakout #SafeHavenRotation
#GoldClimbsAbove4400ToTwoMonthHigh
Gold is back in the spotlight. Spot gold touched $4,434.84/oz today, while futures reached around $4,456. Gold is now up more than 8% in August, after trading below $4,000 in July.
The move is being fueled by Fed rate uncertainty, weaker U.S. jobs data, geopolitical tensions and safe-haven demand. China also added about 20 tonnes of gold to its reserves in July.
Now the big question: Can gold hold $4,400 and push toward $4,500? ๐
$BTC
$PAXG
#GoldBreakout #SafeHavenRotation
#GoldClimbsAbove4400ToTwoMonthHigh
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