Gold Gets a March Forward After a Stripe of Six Red Days
After a six‑day slide, gold finally decided it was time to step back into the spotlight on Thursday, nudging up in price while the market’s nerves got a little jittery.
Data‑driven Drama Behind the Surge
- CPI came in a touch higher than analysts had hoped, but not high enough to scare the bulls.
- Jobless claims jumped, throwing a wrench into the smoothness of the job market picture.
- The Fed minutes for September were a mixed bag, showing some policymakers leaning left and others right.
- Yields and the dollar dipped, clearing the runway for gold to give a little lift.
What the Numbers Say (and Say anyway)
Right now the odds of the Fed firing a 25‑basis‑point rise are about 85%, a scenario that tends to cozy up to gold. Plus, the PPI data dropping tomorrow might give the market a clearer map of inflation’s path.
Why Gold Still Feels the Heat
- Geopolitical buzz is still simmering—no surprise that investors are clutching the safe‑haven button.
- The looming U.S. presidential race adds a splash of uncertainty that can, oddly enough, warm the gold market.
All in all, the market’s mood is a bit risk‑off, and that means gold’s ticket to the front row is staying pretty solid.
