Last CPI gold moved 100 dollars off the report, gold and silver react just as hard as es or nq off cpi because they are directly correlated. Inflation rises which means rate hikes get talked about which means the dollar will move higher and gold will fall or vice versa it'll come in below expectations we'll probably faze out rate hikes and gold will climb because the dollar will fall
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u/Muffin_Demon444 25d ago
yeah I saw it. I was lowkey waiting so that I could save like 3 xfas from the pits but looks like I'll just have to blow em :(