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Eric Yeung ๐Ÿ‘๐Ÿš€๐ŸŒ•
@KingKong9888
Geopolitical and economic effects on Precious Metals and commodities. Not financial advice. Opinions are my own.
๊ฐ€์ž… March 2019
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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 Julyโ€™s weak/negative print. Why gold sold off ~$100: โ€ข Stronger labor market = higher odds the Fed hikes (or stays hawkish) at the Sep 15โ€“16 meeting.
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