🥇 GOLD IS GETTING HIT BY STRONGER U.S. DATA. 🇺🇸📉

Gold is struggling below $4,300 as stronger-than-expected U.S. economic data pushes traders to price in more Fed rate hikes. 👀

U.S. business activity just posted its strongest growth in more than five years.

Sounds bullish for the economy.

But for gold?

That’s a different story. ⚠️

Higher rates + higher Treasury yields + a stronger dollar make a non-yielding asset like gold less attractive.

And traders are now betting on another Fed hike in October. 🏦

The interesting part:

The stronger the U.S. economy looks, the more pressure gold could face from monetary policy.

$XAUT $USDC #Gold #Fed #markets