💰 Gold’s four-day winning streak

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What we’ll cover today:

💰 Gold’s four-day winning streak

📉 Dollar dives on rate cut bets

🌍 Tariff drama shakes global markets

Spot gold is up as the U.S. job market slows, boosting hopes the Fed will cut rates soon.

🚨 Breaking News: Gold hits $3,375/oz as weak jobs data pushes traders to bet 92% on a September Fed rate cut.

Wire Simplified –

  • Weak U.S. jobs data makes a September rate cut almost certain.

  • Lower rates make gold more attractive as it earns no interest.

  • Dollar is weaker, making gold cheaper for global buyers.

  • U.S. and India trade tensions continue over oil imports from Russia.

  • Analysts say $3,450 is still a tough resistance level for gold.

✔️ Straight to the Point –
Gold is loving the weak jobs numbers. If the Fed cuts rates, it could keep climbing unless that $3,450 wall holds.

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The U.S. dollar is slipping as traders almost fully price in Fed rate cuts, while tariff troubles stir market nerves.

🚨 Breaking News: Dollar index drops near 98.68 as traders see a 94% chance of a September Fed rate cut.

Wire Simplified –

  • Weak jobs data sparks a rush to price in rate cuts.

  • Goldman Sachs expects up to three cuts starting September.

  • Trump’s new tariffs and official shake-ups add uncertainty.

  • Yen and Swiss franc react to global trade developments.

  • Long-term impact of tariffs still unclear and could take a year.

✔️ Straight to the Point –
The dollar is getting knocked down by bad jobs news and tariff chaos. Rate cuts might make it fall further before it recovers.

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