📢 进群聊数据动态
# Gold
Gold falls below $4,400, casting doubt on the safe-haven narrative.📉
Last week’s jobs report was too strong, reigniting rate-hike expectations.
A stronger dollar leads to gold being sold off first, despite offering zero yield.
But the other side of the coin is worth watching.📊
Central banks worldwide are still continuously adding to their gold holdings, for several months now.
Official reserves and speculative positioning are trading against each other at the same price level.
Central banks are buying long-term credit, while retail investors are dumping short-term interest rates.
Gold and Bitcoin have been in similar situations lately.🤔
Both are safe-haven assets, and Bitcoin has also been kept in check over the past few days.
When rate expectations tighten, both types of assets come under pressure.
Only after CPI is released will the true direction become clear.
A quick reminder from historical data.👀
During rate-hike cycles, gold doesn’t necessarily keep falling; what really matters is the real interest rate.
If inflation runs ahead of rate hikes, gold prices may actually find support.
All the current uncertainty is pinned to next week’s CPI.
📌 When gold breaks below $4,400 and is pressured by rate-hike expectations, central-bank accumulation and speculative selling face off at the same price point.
# Gold
Gold falls below $4,400, casting doubt on the safe-haven narrative.📉
Last week’s jobs report was too strong, reigniting rate-hike expectations.
A stronger dollar leads to gold being sold off first, despite offering zero yield.
But the other side of the coin is worth watching.📊
Central banks worldwide are still continuously adding to their gold holdings, for several months now.
Official reserves and speculative positioning are trading against each other at the same price level.
Central banks are buying long-term credit, while retail investors are dumping short-term interest rates.
Gold and Bitcoin have been in similar situations lately.🤔
Both are safe-haven assets, and Bitcoin has also been kept in check over the past few days.
When rate expectations tighten, both types of assets come under pressure.
Only after CPI is released will the true direction become clear.
A quick reminder from historical data.👀
During rate-hike cycles, gold doesn’t necessarily keep falling; what really matters is the real interest rate.
If inflation runs ahead of rate hikes, gold prices may actually find support.
All the current uncertainty is pinned to next week’s CPI.
📌 When gold breaks below $4,400 and is pressured by rate-hike expectations, central-bank accumulation and speculative selling face off at the same price point.
