🚨 #GOLD — Gold Under Pressure as Fed Rate-Hike Bets Rise
Gold started the week lower after stronger-than-expected U.S. jobs data boosted expectations for a potential Federal Reserve rate hike in September. Spot gold was around $4,413/oz, with resistance near $4,500 and support around $4,320.
Markets are now turning their attention to this week’s U.S. PPI and CPI inflation data, which could determine gold’s next major move.
💬 Will GOLD reclaim $4,500, or are deeper corrections ahead? 👀
#Markets #commodities
Gold started the week lower after stronger-than-expected U.S. jobs data boosted expectations for a potential Federal Reserve rate hike in September. Spot gold was around $4,413/oz, with resistance near $4,500 and support around $4,320.
Markets are now turning their attention to this week’s U.S. PPI and CPI inflation data, which could determine gold’s next major move.
💬 Will GOLD reclaim $4,500, or are deeper corrections ahead? 👀
#Markets #commodities