Gold traders confused among anchored geopolitical tension and US ADP data
==========
Gold prices are retracing from highs due to geopolitical tensions and US economic data; Iran attacked Israel, causing gold prices to soar over 1% yesterday; US ADP data exceeded expectations, impacting gold traders' outlook; traders are uncertain about future price direction due to potential Israeli attacks on Iran; Fed's monetary policy may adjust based on US labor market health; current gold price remains above yesterday's lows despite negative territory today.
#Gold #Trading #Geopolitics #UsEconomy #AdpData #Iran #Israel #Fed #MonetaryPolicy #MarketAnalysis
https://www.kitco.com/opinion/2024-10-03/gold-traders-confused-among-anchored-geopolitical-tension-and-us-adp-data
Oddbean new post about login | logout