NFP Storm Sweeps Markets: Gold Plummets $100, US Dollar Surges ⚡

The latest Non-Farm Payrolls (NFP) data has delivered a significant impact across financial markets, confirming expectations of a strong economy. This "hot" jobs report promptly triggered substantial profit-taking in Gold and boosted demand for the US Dollar.

XAUUSDT

🔸 Immediately following the NFP release, Spot Gold plunged by nearly $100 in the blink of an eye. This decisive sell-off pushed Gold down to approximately the $2,022/oz level.

🔸 Conversely, the US Dollar Index (DXY) staged an impressive rally, spiking significantly to the 97.14 threshold. The rapid recovery of the USD demonstrates investors reacting swiftly to the possibility of a sustained strong U.S. economy.

🔸 This contrasting price action is a direct consequence of the market repricing interest rate expectations. The robust jobs data likely diminished hopes for an early Federal Reserve interest rate cut, causing capital to flow from non-yielding assets like Gold into the USD.

Market volatility after NFP news can be intense, often liquidating positions on both sides. Did you manage to secure profits on Gold at its peak, or are you anticipating a retracement to adjust your holdings? 🤔

News is for reference, not investment advice. Please read carefully before making a decision.