Trader reveals why gold at $3,376 per ounce signals 93% Fed rate cut probability
Key Points
- Gold hits a two-week high at $3,376, thriving amidst economi...
Gold just hit a two-week high at $3,376 per ounce, and frankly, it's acting like that friend who shows up uninvited but somehow makes the party better. While everyone else is fretting about the economy, gold is sitting pretty, basking in the warm glow of Federal Reserve uncertainty and geopolitical drama.
The numbers tell a story that would make any economist reach for their stress ball. July's ISM services index came in looking about as cheerful as a tax audit, employment figures are dropping faster than crypto influencer credibility, and price pressures keep rising like your monthly subscri...
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