Someone at the Fed is starting to worry that companies aren’t cutting prices. In other words, if companies aren’t lowering prices, it means they think costs won’t come down—or simply that demand isn’t all that weak. Either way, that’s bad news for rate-cut expectations.
$XAU is hovering at 4200.69, moving just 0.08% in 24 hours—steady as if nothing happened. But rising expectations for real interest rates are exactly what gold fears most. At this price, bulls are basically betting on rate cuts, and they’ve got a lot riding on it.
$BTC 83130 is up 0.21%, holding up well. If the Fed’s tone suddenly turns hawkish, risk assets will be the first to have liquidity pulled from them, and $BTC is no exception. Don’t think it has some kind of independent narrative.
$ETH 2506 is down 0.03% over 24 hours, going sideways enough to put anyone to sleep.
My take: bearish in the short term. This signal hasn’t been fully priced in yet, and both $XAU and $BTC are under pressure to pull back. Don’t rush to buy the dip—wait until the market has digested this logic.
#Gold
$XAU is hovering at 4200.69, moving just 0.08% in 24 hours—steady as if nothing happened. But rising expectations for real interest rates are exactly what gold fears most. At this price, bulls are basically betting on rate cuts, and they’ve got a lot riding on it.
$BTC 83130 is up 0.21%, holding up well. If the Fed’s tone suddenly turns hawkish, risk assets will be the first to have liquidity pulled from them, and $BTC is no exception. Don’t think it has some kind of independent narrative.
$ETH 2506 is down 0.03% over 24 hours, going sideways enough to put anyone to sleep.
My take: bearish in the short term. This signal hasn’t been fully priced in yet, and both $XAU and $BTC are under pressure to pull back. Don’t rush to buy the dip—wait until the market has digested this logic.
#Gold