$PAXG
🚨 Gold before inflation... The market is readjusting its positions
Gold has entered a very sensitive phase after the latest rally, and investors are currently readjusting their positions ahead of tomorrow’s US inflation data, which could determine the direction of the next move. Gold reached a peak today near $4435 before pulling back from it.
🛢 The Hormuz crisis puts pressure back on the scene
Deadlock in the understandings regarding the Strait has sent oil higher again, bringing inflation fears back into the markets.
💵 On the other hand... The dollar and yields are trying to rebound
US bond yields rose, and the dollar regained part of its strength—putting pressure on gold after it hit its peak today.
🥇 But gold still has strong support
Geopolitical tensions are bringing back demand for safe havens, while at the same time investors are watching closely to see whether the inflation data will support the continuation of the current Federal Reserve policy or reignite fears of rate hikes.
⚠️ Pay attention to this point
The current move isn’t just normal buying and selling at highs...
The market is preparing itself for the most important test for gold this week.
📊 Inflation weaker than expected ⬅️ could pressure the dollar and yields and support gold.
📊 Inflation stronger than expected ⬅️ could revive expectations of monetary tightening and pressure gold.
🚨 Gold before inflation... The market is readjusting its positions
Gold has entered a very sensitive phase after the latest rally, and investors are currently readjusting their positions ahead of tomorrow’s US inflation data, which could determine the direction of the next move. Gold reached a peak today near $4435 before pulling back from it.
🛢 The Hormuz crisis puts pressure back on the scene
Deadlock in the understandings regarding the Strait has sent oil higher again, bringing inflation fears back into the markets.
💵 On the other hand... The dollar and yields are trying to rebound
US bond yields rose, and the dollar regained part of its strength—putting pressure on gold after it hit its peak today.
🥇 But gold still has strong support
Geopolitical tensions are bringing back demand for safe havens, while at the same time investors are watching closely to see whether the inflation data will support the continuation of the current Federal Reserve policy or reignite fears of rate hikes.
⚠️ Pay attention to this point
The current move isn’t just normal buying and selling at highs...
The market is preparing itself for the most important test for gold this week.
📊 Inflation weaker than expected ⬅️ could pressure the dollar and yields and support gold.
📊 Inflation stronger than expected ⬅️ could revive expectations of monetary tightening and pressure gold.
