Gold Climbs Above $4400 To Two-Month High
Gold pushed above $4,400 per ounce, reaching its highest level in more than two months, with spot prices briefly touching around $4,435.
The move comes as traders reassess the U.S. rate outlook following weaker jobs data, while attention now turns to key U.S. inflation figures for clues on the Fed’s next move.
For gold, the important question is whether buyers can sustain momentum above $4,400—or whether rising oil prices, yields and renewed rate-hike expectations trigger another pullback.
$RAD $BANANAS31 $MITO
Gold pushed above $4,400 per ounce, reaching its highest level in more than two months, with spot prices briefly touching around $4,435.
The move comes as traders reassess the U.S. rate outlook following weaker jobs data, while attention now turns to key U.S. inflation figures for clues on the Fed’s next move.
For gold, the important question is whether buyers can sustain momentum above $4,400—or whether rising oil prices, yields and renewed rate-hike expectations trigger another pullback.
$RAD $BANANAS31 $MITO