🪙🔥🧨🐂Attention 🪙🔥🧨🐂
Gold Dips as Investors Take Profits
Gold eased back to around $5,030 an ounce on Tuesday, as traders cashed in after a recent climb to a one-week high.
What’s Next?$XAU
All eyes are on key U.S. data this week—especially jobs and inflation numbers—which could signal the Federal Reserve’s next move on interest rates.
Why Gold Still Shines
· Rate Cut Hopes: Markets expect at least two interest rate cuts this year—good news for gold.
· Central Banks Are Buying: China, for example, has been adding to its gold reserves for 15 straight months.
· Safe-Haven Demand: Ongoing U.S.-Iran tensions continue to fuel demand for gold as a protective asset.
Trade $XAU here 👇
XAUUSDT
Perp
4,943.98
-2.71%