š„ Gold slips, š„ Silver holds as oil spike + Fed-hike odds crush risk appetite
Spot XAU $4,446.50 (ā0.18%) | XAG $66.36 (+0.16%) late Monday
āļø USāIran escalation (Hormuz strikes) sent oil higher ā Brent back above $90. That + hawkish Warsh/Jackson Hole shock pushed Sep hike odds to 66% and 10Y yield to 4.75%. Equities closed lower (SPX ā0.3%, Dow ā0.7%).
Gold: defensive. Held $4,395.80 low, recovered toward $4,452ā$4,487 but still below MAs & 61.8% Fib. Next upside $4,487 ā $4,515 / $4,543. Break $4,396 opens $4,341 / $4,319.
Silver: rebound from $65.51, tagged ~$67.60 then faded. Needs $66.87 then $67.47 / $68.16. Support $65.67 ā $62.98.
Tug-of-war: geo + fiscal risk limits downside, but higher oil/yields cap rallies. Buyers still appear on dips.
š Week ahead: Tue JOLTS + ISM Mfg | Wed ADP + Beige Book | Thu Claims + ISM Services | Fri NFP
TRADE $XAU / $XAG HERE!
Spot XAU $4,446.50 (ā0.18%) | XAG $66.36 (+0.16%) late Monday
āļø USāIran escalation (Hormuz strikes) sent oil higher ā Brent back above $90. That + hawkish Warsh/Jackson Hole shock pushed Sep hike odds to 66% and 10Y yield to 4.75%. Equities closed lower (SPX ā0.3%, Dow ā0.7%).
Gold: defensive. Held $4,395.80 low, recovered toward $4,452ā$4,487 but still below MAs & 61.8% Fib. Next upside $4,487 ā $4,515 / $4,543. Break $4,396 opens $4,341 / $4,319.
Silver: rebound from $65.51, tagged ~$67.60 then faded. Needs $66.87 then $67.47 / $68.16. Support $65.67 ā $62.98.
Tug-of-war: geo + fiscal risk limits downside, but higher oil/yields cap rallies. Buyers still appear on dips.
š Week ahead: Tue JOLTS + ISM Mfg | Wed ADP + Beige Book | Thu Claims + ISM Services | Fri NFP
TRADE $XAU / $XAG HERE!
