Here’s the gold setup most traders miss… And how you could take advantage!
Hey folks,
The big geopolitical headline was Israel bombing Qatar. The market sold off on the news at first, but then clawed its way back.
Oil spiked too — no surprise there — before easing right back down. That kind of knee-jerk move tells me traders aren’t sure this will stick as a lasting story.
Gold, on the other hand, acted a little odd. It touched $3,700, then pulled back.
You’d usually expect gold to rip higher on Middle East tensions, but this time it sold off instead. Still, it’s holding its ground overall.
And that’s the theme of the day: markets are holding steady, waiting for the real driver — tomorrow’s PPI and Thursday’s CPI reports. Those inflation reads are what will really set the tone.
A hotter-than-expected print could pressure stocks and keep rate cut hopes on hold. A softer read could light a fire under equities and give metals another leg higher.
So yes, today brought headlines, but tomorrow is the main event. I’ll be watching closely and will have more for you once we see how the data shakes out.
Stay sharp,
— Geof
