$PAXG
Gold is trading at the $4,590 - $4,600 per ounce level amid a prevailing sense of caution in the markets, after recording its biggest daily drop in a week...
The reason? Investors are awaiting a speech from Kevin Warsh at the Jackson Hole economic conference—any hint regarding the path of interest rates is enough to move the market 👀
PCE inflation index data came in at 3.7% year-on-year in July—exceeding expectations
Probability of a rate hike in September: 38%
Probability of a hike by December: +70% 📊
For context: Gold peaked at $5,589 in January, then slid to $3,986 in July, and is now in a phase of gradual recovery 📈
Gold and interest rates are in an ongoing battle—and what Jackson Hole reveals today will determine the direction 🔥
Gold is trading at the $4,590 - $4,600 per ounce level amid a prevailing sense of caution in the markets, after recording its biggest daily drop in a week...
The reason? Investors are awaiting a speech from Kevin Warsh at the Jackson Hole economic conference—any hint regarding the path of interest rates is enough to move the market 👀
PCE inflation index data came in at 3.7% year-on-year in July—exceeding expectations
Probability of a rate hike in September: 38%
Probability of a hike by December: +70% 📊
For context: Gold peaked at $5,589 in January, then slid to $3,986 in July, and is now in a phase of gradual recovery 📈
Gold and interest rates are in an ongoing battle—and what Jackson Hole reveals today will determine the direction 🔥
