SPOT GOLD PARES GAINS AFTER US CPI DATA, LAST UP 0.5% AT $4,388.89/OZ
· 106K Views
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SPOT GOLD PARES GAINS AFTER US CPI DATA, LAST UP 0.5% AT $4,388.89/OZ
· 106K Views
Cooling inflation at 3.4% and falling core CPI are green lights for rate relief, and gold is loving every second of it. Lower real rates plus massive liquidity injections mean physical assets and precious metals remain the ultimate defensive play. The macro winds are shifting right into gold's sails.
@DeItaone Gold holding near $4,389 despite CPI coming in as expected. No inflation shock, but the bigger signal is how yields and Fed expectations move from here. Watching the next move. 👀 x.com/i/status/208751731230392…
@DeItaone Gold’s just saying thanks for the extra inflation calories, now it’s time for a shiny diet plan. x.com/KatieCalli14/status/2087…
@DeItaone Bitcoin has traded in a tight $63,000-$65,000 range through the first week of August. Consolidation ranges are usually the market quietly deciding its next move, not going nowhere.