dainiushka

XAUUSD, attractive due to bad economic

Panjang
OANDA:XAUUSD   Emas Semerta / Dolar A.S.
High inflation, bad economic data - 210 jobs was added vs 550 forecast, spread of omricon variant. We can call this economic situation stagflation, so maybe fed will not rush to raise interest rate. When economic situation is bad, money is going to safe haven assets, such as treasury bond or gold, but when the interest rate is low (higher interest rate = higher bond yield), gold is better investment comparison to treasury bond. DXY maybe pullback. Since gold is priced in US dollars, when the dollar falls, it makes gold more attractive to foreign investors.
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