Eric Yeung 👍🚀🌕(@KingKong9888):The drop is the NFP reaction, not some random dump. August U.S. nonfarm payrolls just printed +162,000 vs consensus around ~56,000. Unemployment stayed at 4.1%. That is a large beat after July’s weak/negative print. Why gold sold off ~$100: • Stronger labor market = higher odds the Fed hikes (or stays hawkish) at the Sep 15

Eric Yeung 👍🚀🌕

@KingKong9888

Geopolitical and economic effects on Precious Metals and commodities. Not financial advice. Opinions are my own.

Joined March 2019

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Eric Yeung 👍🚀🌕@KingKong9888

2026.09.04 12:38

The drop is the NFP reaction, not some random dump. August U.S. nonfarm payrolls just printed +162,000 vs consensus around ~56,000. Unemployment stayed at 4.1%. That is a large beat after July’s weak/negative print. Why gold sold off ~$100: • Stronger labor market = higher odds the Fed hikes (or stays hawkish) at the Sep 15–16 meeting.