Gold Holds Critical Support as Fed-Hike Odds Hover at 66%

1 min read
Source: KITCO
Gold Holds Critical Support as Fed-Hike Odds Hover at 66%
Photo: KITCO
TL;DR Summary

Spot gold trades near $4,328 after testing the $4,311 zone as strong oil prices and a bond selloff lift yields, keeping September rate-hike odds around 66%. Global stocks retreat and the dollar firms ahead of key payrolls data (ADP, claims, ISM services, August payrolls). Technically, immediate resistance sits near $4,450 and $4,532, with support at $4,329 and $4,311; a cooler payrolls report could ease the hawkish path for rates and support gold, while stronger data could push yields and the dollar higher, pressuring bullion.

Share this article

Reading Insights

Total Reads

1

Unique Readers

7

Time Saved

5 min

vs 6 min read

Condensed

92%

1,04784 words

Want the full story? Read the original article

Read on KITCO