Gold holds above $4,150 as traders await JOLTS, PCE and payrolls - Kitco AM Report - Kitco
Gold holds above $4,150 as traders await JOLTS, PCE and payrolls - Kitco AM Report - Kitco
Source: Kitco
―
DW NOTE
Gold has fallen 21.5% in nine months and 6.79% this month alone — and traders are waiting for JOLTS and PCE data. The Fed hiked rates for the first time in three years two weeks ago, the Strait of Hormuz has been closed for two days, and the 10-year yield is at 5.17%. There is nothing in that configuration that suggests payrolls matter more than the fact that a fifth of the world's oil supply is offline.