Hello "human" 👀 You're not wrong, you're reading a cat's analysis!
It's time for me to come and invade this earth 👓 Gold price is holding the renewed upswing, snapping an eight-day losing streak so far this Thursday. Gold price is capitalizing on the US bond market relief, although awaits a fresh batch of US economic data for extending the recovery. The US Treasuries rallied hard, as the bond market was rescued by a 5% sell-off in Oil prices, weak US ADP jobs data and the ISM Services PMI.
Softer-than-expected US labor data dialed down expectations of a November US Federal Reserve (Fed) rate hike and triggered a sharp correction in the US Treasury bond yields across the curve, aiding the upturn in the bond market and Gold price.
Wait a minute, if anyone sees any mice, please notify me. I need to arrest and imprison those mice steal food 🚔