#CPIWatch
With nonfarm payrolls crushing expectations by adding 162,000 jobs, economic resilience is clear. However, with upcoming CPI data, I remain bullish on gold holdings as a safe-haven hedge against sticky inflation. Expecting the Fed to hold rates steady to evaluate cumulative tightening before making any aggressive moves.
With nonfarm payrolls crushing expectations by adding 162,000 jobs, economic resilience is clear. However, with upcoming CPI data, I remain bullish on gold holdings as a safe-haven hedge against sticky inflation. Expecting the Fed to hold rates steady to evaluate cumulative tightening before making any aggressive moves.