🕯 | The dollar weighs on gold ahead of the key jobs report
🟠Gold fell today as the dollar rose ahead of the release of the U.S. jobs report, following a strong recovery in its price. It is still up 5% for the week so far.
🟠Gold fell 0.7%, reaching a low of $4,035 an ounce, after hitting a two-week high of $4,146 yesterday 🔽
🟠Silver rose 0.6%, reaching a high of $52.21 an ounce. Yesterday, it climbed to a one-week high of $53.47.
🟠Markets will be watching gold and silver’s weekly close today, and whether they close above $4,000 and $50, respectively. If they do, it will make it easier for them to continue rising.
An important point ⛔️
The focus today is on the U.S. jobs report, which is considered one of the most important data releases on the U.S. economy. An increase in employment would have a negative impact on gold, and vice versa ⚪️
🌑 $BTTC $AMP $MBL
#JobsReportRaisesHikeOdds #WillAnthropicListOnTime #CPITestsDecemberRateOutlook
✅@mshabaka
🟠Gold fell today as the dollar rose ahead of the release of the U.S. jobs report, following a strong recovery in its price. It is still up 5% for the week so far.
🟠Gold fell 0.7%, reaching a low of $4,035 an ounce, after hitting a two-week high of $4,146 yesterday 🔽
🟠Silver rose 0.6%, reaching a high of $52.21 an ounce. Yesterday, it climbed to a one-week high of $53.47.
🟠Markets will be watching gold and silver’s weekly close today, and whether they close above $4,000 and $50, respectively. If they do, it will make it easier for them to continue rising.
An important point ⛔️
The focus today is on the U.S. jobs report, which is considered one of the most important data releases on the U.S. economy. An increase in employment would have a negative impact on gold, and vice versa ⚪️
🌑 $BTTC $AMP $MBL
#JobsReportRaisesHikeOdds #WillAnthropicListOnTime #CPITestsDecemberRateOutlook
✅@mshabaka
