Payroll increases push gold and USD in the opposite direction
Immediately following the jobs report, the US dollar, as measured by the DXY index, fell deeper in the session, pulling lower as Treasury yields fell.
Meanwhile, gold prices accelerated higher, up as much as 0.7%, supported by movements in the fixed income space. These market dynamics could gain momentum in September.
Meanwhile, gold prices accelerated higher, up as much as 0.7%, supported by movements in the fixed income space. These market dynamics could gain momentum in September.
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🔴 SL: 1935
🟢 TP1: 1922
🟢 TP2: 1917