📉 GOLD AND SILVER FALL BEFORE THE FED
Precious metals feel the pressure today.
📊 TODAY’S DROP:
Gold: -1.2% → $4,027 Yesterday was $4,116
Silver: -2% → $57.33 It came close to $60 yesterday
🔍 3 REASONS FOR THE DROP:
1. FED: The chance of a rate hike jumped from 10% to 40% in 2 weeks
Kevin Warsh speaks tomorrow. Total uncertainty.
2. DOLLAR + INTEREST RATES:
DXY at the highest level in 1 month
10-year Treasury at 4.707%
Gold doesn’t pay interest. Money shifts to fixed income.
3. INDUSTRIAL SILVER:
High rates = less production = less demand for silver
💡 BULLISH SIDE:
China has been buying gold for 20 straight months.
Chinese reserves: ~25,000 tonnes
The market is cleaning up positions ahead of the Fed.
After tomorrow’s speech, the game changes.
Do you think gold holds at $4,000 or goes for $3,900? 👇
⚠️ Not financial advice.
#Ouro #Prata #Fed #TaxaDeJuros #Metais #FinancialMarkets