#goldfalls3.24%thisweek
đ $XAUT
Bearish â Gold Falls 3.24% This Week
Gold is facing a notable weekly pullback, down 3.24% as market sentiment shifts and investors reassess the outlook for interest rates, the US dollar, and global risk.
What's driving the pullback:
đč Markets are digesting Fed Chair Kevin Warsh's Jackson Hole speech and repricing rate-hike odds â the probability of a hike by December is sitting above 70%
đč A hotter-than-expected US inflation print firmed up expectations the Fed may need to tighten further
đč Higher-rate expectations naturally weigh on gold since it pays no yield
After a strong run, this decline could be a healthy correction â gold is still up roughly 11.6% over the past month, so this reads more like profit-taking than a trend reversal. Worth watching if Warsh's tone stays hawkish into next month's decision.
$XAU
still in a long-term uptrend, or is this pullback the start of something bigger? đ
#GoldFalls3.24%ThisWeek #BinanceSquare #CryptoNews #WriteToEarn #GoldFalls3.24%ThisWeek
#GoldFalls3.24%ThisWeek
đ $XAUT
Bearish â Gold Falls 3.24% This Week
Gold is facing a notable weekly pullback, down 3.24% as market sentiment shifts and investors reassess the outlook for interest rates, the US dollar, and global risk.
What's driving the pullback:
đč Markets are digesting Fed Chair Kevin Warsh's Jackson Hole speech and repricing rate-hike odds â the probability of a hike by December is sitting above 70%
đč A hotter-than-expected US inflation print firmed up expectations the Fed may need to tighten further
đč Higher-rate expectations naturally weigh on gold since it pays no yield
After a strong run, this decline could be a healthy correction â gold is still up roughly 11.6% over the past month, so this reads more like profit-taking than a trend reversal. Worth watching if Warsh's tone stays hawkish into next month's decision.
$XAU
still in a long-term uptrend, or is this pullback the start of something bigger? đ
#GoldFalls3.24%ThisWeek #BinanceSquare #CryptoNews #WriteToEarn #GoldFalls3.24%ThisWeek
#GoldFalls3.24%ThisWeek